Selling a Product at Different Prices When the Price Difference

question 48

Multiple Choice

Selling a product at different prices when the price difference is unrelated to costs is a practice known as

• A) price fixing.
• B) price monopolization.
• C) price discrimination.
• D) price differentiation.

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Definitions:

Trustee

An individual or organization that holds or manages assets, typically on behalf of others, under the terms of a trust agreement.

Financial Obligations

Money owed by an individual or organization to another entity under terms specified in a contract.

Bankruptcy and Insolvency Act

A statute of Canada that governs bankruptcy and insolvency law, providing for the legal process by which individuals or companies unable to meet their financial obligations can seek relief.

Personal Property Security Act

Legislation that provides for the creation and registration of security interests in personal property to secure payment or performance of an obligation.