Amarket is more efficient, and society is better off, whenever a price-making firm is able to price-discriminate, even when consumer surplus is converted to producer surplus. click or tap "true" or "false" to answer the question.
a) true
b) false

This statement is true.

Explanation:

Price discrimination is the action of selling the same product, at a variety of prices, depending on the customer.

The most common type of this is third-grade price discrimination. In this case, the company doesn't know its customers but can classify them in several categories such as age, sex, social position, acquisitive power, monthly income and more.

By doing this, a company can adapt its price range to different kinds of customers. For example, a movie theater sells tickets at a regular price of $10 but may sell them at 50% off to highschool students, because most students have limited incomes that often depend on their parents. The movie theater will then get more sales, and the price range will be more accessible to more people.

the old way of life was represented by superstition, an angry god, and absolute submission to authority. the thinkers of the age of reason ushered in a new way of thinking. this new way championed the accomplishments of humankind. individuals did not have to accept despair. science and reason could bring happiness and progress. kings did not rule by divine right. they had an obligation to their subjects. europeans pondered the implications for nearly a century. americans put them into practice first.