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studymite studymite
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5 years ago

Question 1.

If price discrimination occurs in a market,

• the law of one price does not hold.

• the firm earns arbitrage profits.

• consumers whose demand for the product sold is more elastic pay higher prices than consumers whose demand is less elastic.

• the marginal cost of production is constant.

Question 2.

Big data is often used to establish pricing strategies for automobile insurance companies.

• true

• false
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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jfinn1021jfinn1021
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#1
Posts: 388
Rep: 62 0
5 years ago
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studymite Author
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5 years ago
Smart ... Thanks!
mmmm_dat_userna
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Yesterday
Thanks
djeghri
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2 hours ago
Brilliant ツ
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