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two economics questions?
5. Rebate coupons are useful in
A) offering price discount to those who are less price sensitive.
B) single pricing.
C) moving hot items.
D) offering price discount to those who are more price sensitive.
MY ANSWER: I'm confused. Isn't it B *and* D
4. [Market Structure diagram was included] Which of the following have enough pricing power to practice perfect price discrimination?
A) Monopolistic competition.
B) Perfect competition.
C) Oligopoly.
D)Unregulated monopoly.
MY ANSWER: D
I'm pretty sure #5 is D. If someone wasn't sensitive to price, then they wouldn't need coupons. =)
I think #4 is D as well but it's been a while since I took economics.
US $5.00