When Firms Charge Different Prices to Different Consumers for the Same

question 268

Multiple Choice

When firms charge different prices to different consumers for the same good or service,it is referred to as ________.

• A) a price bias
• B) shadow pricing
• C) predatory pricing
• D) price discrimination

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Definitions:

Pyr/o

A combining form relating to fire or heat, often used in medical terminology.

-al

A suffix meaning pertaining to, commonly used in the formation of adjectives from nouns.

-graphy

A suffix used in medical terminology to denote a process of recording or visualizing, usually with specialized equipment or techniques.

-ion

A suffix used in English to form nouns from verbs, indicating the action or condition of the verb.