Price Discrimination Is the Practice of Charging

question 147

Multiple Choice

Price discrimination is the practice of charging:

• A) different prices for different goods.
• B) different prices to different customers for the same good.
• C) high prices for products with high marginal costs and low prices for products with low marginal costs.
• D) the same price for different goods in different regions.

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Definitions:

Heredity

The passing of traits from parents to offspring through genes.

Branch of Biology

A specific area of study within biology, such as genetics, zoology, or botany, focusing on different life forms and their characteristics.

Heredity

The genetic transfer of mental or physical features from parents to their offspring across generations.

Genetics

The branch of biology that deals with heredity and the variation of inherited characteristics in living organisms.