Which of the Following Is Not a Reason for Weak

question 37

Multiple Choice

Which of the following is not a reason for weak inductive arguments?

• A) Availability bias
• B) Statistical bias
• C) Confirmation bias
• D) Predictable-world bias

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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.