In General, Price Discrimination Exists Because

question 60

Multiple Choice

In general, price discrimination exists because:

• A) higher prices are required when costs are higher.
• B) lower prices are possible when profits are not a goal of the entrepreneur.
• C) higher prices are charged because some customers are willing to pay more.
• D) lower prices encourage arbitrage.

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Definitions:

Government Accountability

The responsibility of government officials and entities to be answerable for fiscal and social decisions, ensuring transparency and good governance.

Bureaucratic Structure

A bureaucratic structure is an organizational system characterized by a hierarchical distribution of power, strict procedures, and a clear division of responsibilities.

Political Corruption

Involves the misuse of public power or position for personal gain, adversely affecting governmental integrity and efficiency.

Unlawful Misdirection

The act of intentionally guiding or directing someone in a wrong or illegal path.