Price discrimination

Price discrimination

11th Grade

10 Qs

quiz-placeholder

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Price discrimination

Price discrimination

Assessment

Quiz

Other

11th Grade

Medium

Used 169+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price discrimination is defined as a business charging different consumers ... prices for the ... product, whereby the price difference is not due to the differences in the cost of supplying the customers.

different …same

same …same

same...different

different …different

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Price discrimination is not possible under

Perfect competition

Monopoly

Oligopoly

Monopolistic Competition

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Conditions for Price Discrimination

ability to identify and segment the market into separate groups

have an PED that is price inelastic

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Firms' ability to prevent re-sale (arbitrage)
Essential condition for price discrimination
Non-essential condition for price discrimination

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A firm with market power engages in price discrimination to:
earn a higher profit
increase consumer surplus
decrease deadweight loss
make its demand more elastic 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A grocery store that offers one can of soup for $0.35 and three cans for $1.00 is engaging in

1st degree

2nd degree

3rd degree

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Online scalping of concert and sporting-event tickets is an example of

1st degree price discrimination

2nd degree price discrimination

3rd degree price discrimination

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