For price discrimination to work ________.
A: the market must be segmentable and the segments must show similar intensities of demand
B: members in the lower-price segment must be able to resell the product to the higher-price segment
C: competitors must be able to undersell the firm in the higher-price segment
D: the practice must not breed customer resentment and ill will
E: the extra revenue derived from price discrimination must not exceed the cost of segmenting and policing the market
A: the market must be segmentable and the segments must show similar intensities of demand
B: members in the lower-price segment must be able to resell the product to the higher-price segment
C: competitors must be able to undersell the firm in the higher-price segment
D: the practice must not breed customer resentment and ill will
E: the extra revenue derived from price discrimination must not exceed the cost of segmenting and policing the market
举一反三
- When a manufacturer maximizes profits in a competitive market, the market price must be equal to the average cost.
- 即使商品质量好，也不能漫天要价。 A: You should not demand too high a price with quality goods. B: Even quality goods must have a price ceiling. C: Even if quality goods must have a price ceiling. D: Even if quality goods, they must have a price ceiling.
- If a monopolist engages in three-degree price discrimination in two segmented markets, but the firm's cost function is the same in both markets, in which market will the firm set a higher price? A: The larger market in terms of market size B: The smaller market in terms of market size C: The market with more elastic demand D: The market with less elastic demand
- If the price elasticity of demand within the price range from $1 and $1.25 for carrots is 0.79 and for radishes is 1.6, then within that price range ( ) A: carrots are more price elastic than radishes. B: radishes are more price elastic than carrots. C: carrots and radishes must be substitute goods. D: carrots and radishes must be complementary goods.
- Each company must divide up the total market, choose the best segments, and design strategies for profitably serving chosen segments. This process involves market segmentation, ________, differentiation, and positioning. A: market targeting B: marketing implementation C: supply-chain analysis D: price discrimination E: market diversification