A Firm Is Charging a Different Price for Each Unit

question 28

Multiple Choice

A firm is charging a different price for each unit purchased by a consumer. This is called:

• A) first-degree price discrimination.
• B) second-degree price discrimination.
• C) third-degree price discrimination.
• D) fourth-degree price discrimination.
• E) fifth-degree price discrimination.

---

Definitions:

Progesterone

A steroid hormone secreted by the ovary (mainly by the corpus luteum) and placenta; stimulates the uterus (to prepare the endometrium for implantation) and breasts (for milk secretion).

Endometrium

The uterine lining.

Seminiferous Tubules

Coiled tubules in the testes in which spermatogenesis takes place in male vertebrates.

Seminal Vesicles

Seminal vesicles are male reproductive glands that produce and secrete a fluid that forms part of the semen, which provides nutrition and motility to sperm.