Third-Degree Price Discrimination Involves

question 84

Multiple Choice

Third-degree price discrimination involves:

• A) charging each consumer the same two part tariff.
• B) charging lower prices the greater the quantity purchased.
• C) the use of increasing block rate pricing.
• D) charging different prices to different groups based upon differences in elasticity of demand.

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Definitions:

Decentralized

A system or organization in which decision-making powers and responsibilities are distributed away from a central, authoritative location or group.

Job Control Unionism

A labor union strategy focusing on controlling hiring, work assignments, promotions, and job security through collective bargaining agreements.

Flexibility

The ability of an organization or individual to adapt to changes, challenges, or new requirements in their environment.

High Performance Work Practices

A set of management practices that are aimed at enhancing an organization's performance by improving employee involvement and commitment.