Which of the Following Is (Are) Price Discrimination? I

question 73

Multiple Choice

Which of the following is (are) price discrimination? i. Charging different prices based on differences in production costs.
Ii) Charging business flyers a higher airfare than tourists.
Iii) Charging more for the first pizza than the second.

• A) i only
• B) ii and iii
• C) i and iii
• D) ii only
• E) i, ii and iii

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Definitions:

Hardwood

Wood derived from angiosperm trees, typically characterized by its density and durability, used in furniture, flooring, and construction.

Flowering Plants

Plants belonging to the group Angiosperms, characterized by bearing flowers and seeds enclosed within a fruit.

Conifers

A group of cone-bearing seed plants with vascular tissue, mostly evergreens, that include pines, spruces, and firs.

Age

A measurement of the length of time an individual, organism, or object has existed, typically expressed in units such as years, months, or days.