If a Good Sells for $10 Domestically and the Same

question 103

Multiple Choice

If a good sells for $10 domestically and the same good sells for $7 abroad, then this firm is engaging in

• A) marginal cost selling.
• B) price discrimination.
• C) price differentiation.
• D) dumping.

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Definitions:

Investment Swindle

A fraudulent scheme designed to deceive investors into giving money on the premise of receiving significantly higher returns.

Ponzi Scheme

A fraudulent investing scam promising high rates of return with little risk to investors, which generates returns for earlier investors by acquiring new investors.

Fictitious Sources

Information or references claimed in a work or argument that do not actually exist; often used to mislead or fabricate support.

Necessity Defense

A legal defense asserting that a criminal act was justified because it was necessary to prevent a more serious harm.