Price Discrimination Is

question 219

Multiple Choice

Price discrimination is

• A) the practice of charging different prices to different buyers for goods of like grade and quality.
• B) an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor.
• C) the practice of charging a very low price for a product with the intent of driving competitors out of business.
• D) a conspiracy among firms to set prices for a product or service.
• E) a seller's requirement that the purchaser of one product also buy another product in the line.

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Definitions:

Sensory Input

Information gathered by the sensory organs that is then sent to the brain for processing.

Synapses

The junctions through which neurons signal to each other or to non-neuronal cells, allowing the transmission of electrical or chemical signals.

Gap Junctions

Specialized intercellular connections that allow for direct chemical and electrical communication between adjacent cells, facilitating the synchronization of cell activities.

Electrical Synapses

Specialized junctions through which cells of the nervous system signal to each other via direct flow of electric current.