A Restaurant Has Two Menus, One Printed in English, the Other

question 39

Multiple Choice

A restaurant has two menus, one printed in English, the other printed in the local language.The prices on the English menu are double those on the other menu.The restaurant owners believe that if you cannot read the local language, you are a foreigner and, therefore, must pay more.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)referral selling.
• E)resale price maintenance.

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Definitions:

Nurture

The influence of external factors like environment, education, and experience on the development and behavior of an individual.

Nature

The essential qualities or characteristics of something, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth, as opposed to humans or human creations.

Nurture

The influence of external factors like environment, education, and social experiences on the development of an individual's behaviors and traits.

Inherited

Passed down genetically from one generation to another, referring to traits or conditions determined by one's genes.