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Kayla Has Been Diagnosed with Moderate Intellectual Disability

question 114

Multiple Choice

Kayla has been diagnosed with moderate intellectual disability.Which of the following is mostly likely to be true about her?


Definitions:

Price Discriminate

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on the willingness to pay of different market segments.

Resale

The act of selling a product or service again, often used goods, to another buyer.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price for each unit consumed that each buyer is willing to pay, thus capturing the entire consumer surplus.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service versus what they actually pay.

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