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Sole Proprietorships Making Most Profit And Price Discrimination

Question

1. Sole proprietorships make the most profit of all the forms of business.
A) True
B) False

2. Price discrimination:
A) is the practice of charging different consumer groups different prices for the same product.
B) is the practice of charging potential competitors more for the product than consumers.
C) is the practice of refusing to sell to certain consumer groups.
D) is socially fair, because the firm only charges what people are willing to pay.


Summary

These multiple choice questions belong to Economics. The 1st question is about sole proprietorships making most profit and the 2nd question is about price discrimination.

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