When Firms Charge Different Prices to Different Consumer Groups (Senior

question 27

True/False

When firms charge different prices to different consumer groups (senior citizens for example),this is a form of price discrimination and is illegal.

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Generation Y

A demographic cohort following Generation X, typically defined as those born from the early 1980s to the mid-1990s, also known as Millennials.

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The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

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