Which of the Following Is the Best Example of Price

question 122

Multiple Choice

Which of the following is the best example of price discrimination?

• A)a cellular telephone company charging lower rates to weekend callers than weekday callers
• B)a gas station charging less per gallon to customers who pay cash than customers who use a credit card
• C)an auto insurance company charging a higher premium to a seventeen year old boy with a driving record that includes three accidents than the premium charged to a middle-aged driver with a clean driving record
• D)a private attorney charging higher fees to clients receiving special services than clients receiving regular services

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Definitions:

Market-Leading

A Market-Leading company is one that holds a dominant position in its industry or sector, characterized by the highest market share, strong brand recognition, and a significant influence over market trends.

Family Leadership

The role of guiding and influencing a family, managing its relationships and assets, often in the context of a family business.

Negative Caricatures

These are exaggerated or distorted representations, often in media or discussion, that cast individuals or groups in a negative light.

Enterprising

Characterized by taking on new ventures with innovation and risk-taking, often leading to business creation and growth.