In General, Price Discrimination Is Based on Differences in _______

question 45

Multiple Choice

In general, price discrimination is based on differences in _______ among different groups of customers and the differences in _______ that will result.

• A) preferences; marginal costs
• B) price elasticity of demand; profits
• C) marginal revenue; marginal costs
• D) products; marginal costs

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Definitions:

Ideal Group Size

The optimal number of individuals in a group to ensure effective participation, interaction, and achievement of goals.

Closed Groups

Pertains to a fixed membership where no new participants can join once the group has started, often used in therapeutic or educational settings.

Successful Groups

Collections of individuals who achieve their common goals efficiently and effectively through cooperation and cohesive action.

Group Facilitators

Individuals who guide and manage group interactions to ensure effective and smooth group functions and discussions.