Which of the Following Situations Will Come Closest to Perfect

question 53

Multiple Choice

Which of the following situations will come closest to perfect price discrimination?

• A) Charging a different price on different days.
• B) Charging a different price at the end of the year.
• C) Negotiating a price with a group of consumers.
• D) Negotiating a price with each individual consumer.
• E) Offering instant,in-store rebates.

---

Definitions:

Mean Deviation

The average deviation for all scores from the mean of a distribution, calculated as the sum of the absolute value of the scores’ deviations from the mean divided by the number of scores.

Standard Deviation

Standard deviation is a measure of the dispersion or spread of a set of data points relative to its mean, indicating how spread out the data points are.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of values.

Highest Score

The maximum value or score observed in a set of data.