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QUESTION 1 Rico is an owner of a collectibles shop such as action figures and comic displays. There are a lot of collectors buying from
QUESTION 1 Rico is an owner of a collectibles shop such as action figures and comic displays. There are a lot of collectors buying from his shop relative to the number of collectibles delivered by his supplier. Rico then decides to price discriminate to take advantage of this situation. Which of the following statements is true? O Rico cannot price discriminate because his customers are all similar in traits (e.g. economic background, knowledge, etc.) (O Rico should price discriminate since arbitrage opportunities are not possible. O Rico does not have any pricing power. (O Rico may find it difficult to price discriminate as his customers would find it easy to resell his products at a lower price. (O None of the above are true
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