Price Discrimination

question 21

Multiple Choice

Price discrimination

• A)is illegal in the U.S.
• B)is a form of pricing where consumers pay different prices for a good.
• C)allows firms to set a single intermediate price between consumers' low and high willingness to pay.
• D)is when consumers use prices to discriminate between different quality products.

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Definitions:

Small Crystals

Tiny, solid, naturally occurring inorganic substances with a definite chemical composition and a characteristic crystalline structure.

Igneous Rock

Rock formed through the cooling and solidification of magma or lava.

Coarsely Crystalline

Describes a rock texture with large, easily visible crystals, typically formed by slow cooling of molten rock.

Igneous Rock

A kind of stone that develops through the process of magma or lava cooling and hardening.