14. Question 14 What are positive consequences of competition between firms? 1 / 1 point Efficient production is fostered by competition. This is true. Companies in a competitive situation seek…
13. Question 13 What is true about intertemporal pricing? 1 / 1 point The idea behind intertemporal pricing is to charge the same prices for different products at different points in time….
12. Question 12 What is the reasoning behind intertemporal pricing? 1 / 1 point Firms will increase their prices later on, so they can attract more valuable customers in the future. …
11. Question 11 Which of these cases are examples of third degree price discrimination? 1 / 1 point Direct flights are more expensive than flights with several stops. An electricity provider…
7. Question 7 What is true about second degree price discrimination (SDPD)? 1 / 1 point Consumers cannot self-select according to their willingness to pay. Bundling and non-linear pricing are types…
6. Question 6 Which statement about first degree price discrimination is true? 1 / 1 point The firm knows the consumers’ willingness to pay perfectly. This is exactly the definition…
5. Question 5 What could a smartphone manufacturer do to increase the switching costs of his customers? 1 / 1 point Increase the number of countries where free repair services for travelers…
4. Question 4 Through which mechanisms could an airline company increase consumer switching costs? 1 / 1 point Offer less customer service. Professional customer service. A professional customer service…
3. Question 3 Which of these examples create switching costs for the respective consumer? 1 / 1 point You have saved your image files on floppy discs and hardware manufacturers have abandoned…
2. Question 2 Which of the following statements about switching costs are true? 1 / 1 point Long-standing customers are better than new ones because they are more loyal to the company….
