The Practice of Selling the Same Product at Different Prices

question 161

Multiple Choice

The practice of selling the same product at different prices to different consumers,without corresponding differences in costs,is:

• A)price discrimination.
• B)privatizing.
• C)monopolizing.
• D)output prioritizing.

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Definitions:

Computer

An electronic device capable of processing, storing, and retrieving data, used for a wide range of tasks from computing to entertainment.

Double-Entry Bookkeeping System

An accounting technique which records each transaction in two accounts, ensuring the total debits equal total credits.

Fully Integrated Ledger System

A fully integrated ledger system is an accounting system where all the different financial and accounting records are comprehensively interconnected and maintained within a single framework.

Financial Transactions

The process of exchanging assets, settling debts, or conducting monetary dealings between parties.