Of the Following, the Most Likely Example of Price Discrimination

question 111

Multiple Choice

Of the following, the most likely example of price discrimination is when:

• A) a firm sells different shoes for different prices.
• B) hotels charge different rates for the same rooms when conventions are held.
• C) restaurants charge different prices for chicken and beef.
• D) supermarkets charge different prices for oranges and apples.

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Definitions:

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society passed from one generation to another.

Identity Development

The formation of a person's sense of self and unique identity through the integration of various aspects of their personal, social, and cultural experiences.

Ethnic Minority

A group of people who differ in race or color or nationality from the larger population of the country or region they live in.

Immigrant Children

Refers to children born to parents who have moved from one country to another, either voluntarily or involuntarily, seeking better living conditions, safety, or opportunities.