Which of the Following Statements Is TRUE

question 189

Multiple Choice

Which of the following statements is TRUE?

• A) Successful price discrimination requires that younger people always pay more than older people.
• B) Successful price discrimination requires that older people always pay more than younger people.
• C) Price discrimination is a common practice.
• D) Price discrimination is used by airlines and movie theaters infrequently.

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Definitions:

Ordinary Care

The level of care that a reasonably prudent person would exercise in a similar situation to prevent harm.

Damaged

Refers to the physical harm or deterioration suffered by goods, property, or reputation.

Lawnmower

A machine equipped with blades for cutting grass on lawns.

Gift Inter Vivos

A gift made voluntarily and without consideration during the giver's lifetime, distinct from a testamentary gift made through a will.