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.

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Definitions:

Laid-back Outlook

A relaxed or easygoing attitude towards life and its challenges, often characterized by a lack of stress or worry.

Competitive

Characterized by or involving competition; having a strong desire to be more successful than others.

Traumatic Events

Incidents that cause psychological, physical, emotional, or spiritual harm, leading to lasting effects on a person’s well-being.

Eustressors

Positive stressors that lead to healthy psychological responses and can enhance performance or well-being.