Why Would We Be Likely to Observe Dentists Engaging in Price

question 240

Multiple Choice

Why would we be likely to observe dentists engaging in price discrimination?

• A)Dental care is expensive.
• B)All dentists are basically alike.
• C)It is very important to exercise care in choosing a dentist.
• D)It is nearly impossible to resell the services of a dentist.
• E)The demand for dentists is very inelastic.

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Definitions:

Work-based Program

An educational or training program that combines work experience with learning activities, often aimed at improving employability.

Big Five Personality

A theory describing five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality dimension referring to an individual's level of sociability, energy, and tendency to seek stimulation in the company of others.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.