The price a firm charges may be related to the time of the day when its product is consumed. ...

The price a firm charges may be related to the time of the day when its product is consumed.
  Indicate whether the statement is true or false

QUESTION 2

Product-line extension is a form of price discrimination.
  Indicate whether the statement is true or false

QUESTION 3

To price discriminate, firms must face markets with different elasticities.
  Indicate whether the statement is true or false

QUESTION 4

Perfect price discrimination is the same thing as predatory pricing.
  Indicate whether the statement is true or false

QUESTION 5

Value pricing stresses the importance of product differentiation.
  Indicate whether the statement is true or false

QUESTION 6

Firms that price discriminate cannot capture consumer surplus.
  Indicate whether the statement is true or false

QUESTION 7

Firms want to capture consumer surplus.
  Indicate whether the statement is true or false