What Do Economists Call the Business Practice of Selling the Same

question 178

Multiple Choice

What do economists call the business practice of selling the same good at difference prices to different customers?

• A)price discrimination
• B)collusion
• C)compensating differential
• D)Both a and b are correct

Recognize the role and characteristics of primary and secondary markets in securities trading.

Differentiate among various risk types, including default risk, liquidity risk, and market risk.

Understand the concept of real versus nominal interest rates and the components of interest rates.

Grasp the fundamental principles of savings, investments, and their role in an advanced economy.

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Definitions:

Counteroffer

A proposal made in response to an offer, which effectively rejects the original offer and proposes new terms for an agreement.

Gap-Filling Presumptions

Legal principles or standards applied in contract law to address situations where the parties' agreement does not specify certain terms or conditions.

Mirror Image Rule

A principle in contract law stating that an offer must be accepted exactly without modifications for a valid contract to be formed.

Material Changes

Significant alterations or modifications that could affect a company’s financial condition or the value of its shares, requiring disclosure to shareholders and regulatory bodies.