Price Discrimination Is the Practice Of

question 298

Multiple Choice

Price discrimination is the practice of:

• A)charging different prices to buyers of the same good.
• B)paying different prices to suppliers of the same good.
• C)equating price to marginal cost.
• D)equating price to marginal revenue.

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Definitions:

Self-actualization

A concept in psychology, often associated with Maslow's hierarchy of needs, representing the realization of one's potential and the fulfillment of personal talents and capabilities.

Personal

Relating to or affecting a particular person rather than anyone else; individual or private.

Maslow Hierarchy

Maslow's Hierarchy is a psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic physiological needs to self-actualization.