Price Discrimination Is the Practice of

question 98

Multiple Choice

Price discrimination is the practice of

• A)selling the same product to different consumers at the same price.
• B)selling the same product to different consumers at different prices.
• C)selling different products to consumers at different prices.
• D)selling a product at a price that no one can afford.
• E)selling a product at a price that is below its average total cost.

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Definitions:

Appeal to Ignorance

A logical fallacy that claims a proposition is true because it has not yet been proven false, or vice versa.

Fallacy of Relevance

The basis of the argument is logically disconnected from, or not related to, the outcome.

Informal Fallacy

A form of flawed logic where an argument feels emotionally or psychologically compelling yet fails to hold up under logical scrutiny.

Begs the Question

A logical fallacy where the argument's premise assumes the truth of the conclusion, instead of supporting it.