Suppose that your school pays one rate for the first one million kilowatts of electricity and a lower rate for any power it uses over one million kilowatts. what economic concept is occurring here? a. perfect price discrimination b. second-degree price discrimination c. third-degree price discrimination d. economies of scale

The correct answer is letter "B": second-degree price discrimination.

Explanation:

Price discrimination occurs when a company charges different customers different prices for the same goods or services. The different price charges to a different group must be justified by the amount of effort required. There are three degrees of price discrimination. In the second-degree discounts are given for products or services acquired in huge amounts.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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