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  1. milesph

    Economics, Accounting & Business: Post your doubts here!

    Thanks a lot. Here's another question from the same paper: Who is most likely to practice price discrimination? A. a baker B. a cinema C. a hairdressing salon D. a restaurant The answer is A. Could anyone explain it? Thank you very much.
  2. milesph

    Economics, Accounting & Business: Post your doubts here!

    From ECO11ON32. The correct answer is C. I understand that allocative efficiency is achieved when P(AR) = MC, but why is productive efficiency also achieved at point C?
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