Sapling Learning Classify the statements below as either true or false. False Tr

Question

Sapling Learning Classify the statements below as either true or false. False True Airlines are often able Perfect price discrimination Price discrimination only to price discriminate is when perfectly competitive occurs with natural monopolies firms charge some people higher prices than others Firms do not have incentive to All else equal, single price Price discrimination is illegal monopolists earn lower profits under all circumstances price discriminate because it results in some groups than firms that can price discriminate. paying a lower price than others Map

Explanation / Answer

Answer.)

TRUE :-

Airlines are often able to price discriminate.

all else equals, single price monopolists earn lower profits than firms that can price discriminate.

FALSE:-

perfect price discrimination is when perfectly competitive firms charge some people higher prices than others.

price discrimination only occurs with natural monopolies.

price discrimination is illegal under all circumstances.

firms do not have incentive to price discrimination because it result in some groups paying a lower price than others.

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