Third Degree Price Discrimination Is Defined As

question 36

Multiple Choice

Third degree price discrimination is defined as:

• A) While rarely prosecuted, it is illegal and a misdemeanor versus a felony as defined by the Surface Transportation Board Act
• B) charging different prices to different buyers who use the same commodity or service
• C) permissible only when the buyer has requested rebates
• D) the least serious type of discrimination as versus first degree

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Definitions:

Random Assortment

The process during meiosis where chromosomes are randomly segregated to gametes, contributing to genetic variation.

Chromosomes

Structures found within the nucleus of a cell, made of DNA and proteins, that contain the genetic information necessary for the growth, development, and reproduction of organisms.

Crossing Over

A process during meiosis where two chromosomes pair up and exchange segments of their genetic material to produce recombinant chromosomes.

Chromatids

Each of the two thread-like strands into which a chromosome divides longitudinally during cell division. Each contains a double helix of DNA.