When a Firm Charges Each Customer the Maximum Price That

question 114

Multiple Choice

When a firm charges each customer the maximum price that the customer is willing to pay, the firm:

• A) engages in a discrete pricing strategy.
• B) charges the average reservation price.
• C) engages in second-degree price discrimination.
• D) engages in first-degree price discrimination.

---

Definitions:

Ideal Views

The conceptions or perceptions of perfection or high standards in certain situations, often used as benchmarks or aspirations.

Fully Functioning Person

A term in humanistic psychology describing an individual who is living in tune with their deepest feelings, desires, and impulses, achieving self-actualization and personal growth.

Unconditional Positive Regard

A practice in client-centered therapy involving the therapist offering the client acceptance and support regardless of what the client says or does.

Authentic Person

An individual who lives in alignment with their true self, values, and beliefs, without pretending to be someone they're not.