Lea Kirkham Is a Physician

question 44

Multiple Choice

Lea Kirkham is a physician.She charges each patient the same price for a physical examination,whether the procedure takes 10 minutes or a full hour.Which pricing policy is Dr.Kirkham following?

• A) Professional services pricing
• B) Potential (or base)pricing
• C) Price maintenance
• D) Psychological pricing
• E) Flexible (or variable)pricing

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not diminish another's.

Government

The organized assembly or body of individuals leading a structured society, typically a nation.

Monopolies

Market structures characterized by a single seller facing no competition in offering a unique product or service.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning no one can be prevented from using them and one person's use does not reduce their availability to others.