Which of the Following Statements Is Correct

question 92

Multiple Choice

Which of the following statements is correct?

• A) Price discrimination is always more profitable than charging a single price.
• B) A price discriminator would want to charge the highest price to those customers with the most elastic demand for his product.
• C) To be successful, a price discriminator must assure that items can be resold between high- and low-price groups.
• D) To maximize profit, a price discriminator distinguishes groups with different demands and charges higher prices to those with the more inelastic demand.

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Definitions:

Caloric Intake

The total number of calories consumed through food and beverages within a specific time period, indicating energy intake.

Metabolic Needs

The essential requirements for energy and nutrients necessary for an organism's growth, maintenance, and functions.

Moral Development

The process by which individuals learn and apply concepts of right and wrong behavior through various stages of life.

Social Responsibility

The obligation of individuals or organizations to act for the benefit of society at large, often emphasizing ethical behavior and actions that contribute to the wellbeing of others.