Which of the Following Statements Is False

question 123

Multiple Choice

Which of the following statements is false?

• A)A perfectly price-discriminating monopolist does not lower price on all previous units in order to sell an additional unit of its product.
• B)Second-degree price discrimination is when the seller charges a uniform price per unit for one specific quantity, a lower price of an additional quantity, and so on.
• C)Charging senior citizens less for medicine is an act of third-degree price discrimination.
• D)Charging women less for a car wash is an act of second-degree price discrimination.
• E)A price taker cannot practice price discrimination.

---

Definitions:

Certify

To officially declare or verify that something is true, accurate, or meets a specific standard.

UCC

Stands for the Uniform Commercial Code, which is a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.

Sufficient Funds

A term indicating that an account has enough available money to cover transactions such as withdrawals, checks, or payments.

Money Orders

Payment orders for a specified amount of money that are a secure alternative to cash or personal checks.