Which of the Following Is Not a Way by Which

question 168

Multiple Choice

Which of the following is not a way by which price-discriminating firms can segment a market?

• A)on the basis of time of purchase, for example long-distance calling
• B)by requiring an advance purchase, for example airline tickets
• C)on basis of the buyer's location, for example requiring out-of-state students to pay higher tuition
• D)on the basis of the supplier's marginal cost of production, for example requiring customers to pay a premium for customizing options

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Definitions:

Public Policy

Principles and standards regarded by the legislative or judicial branches of government as being of fundamental concern to the state and its citizens.

Invalid Assignment

The transfer of rights or benefits under a contract that is not permitted or recognized by law, rendering it void.

Consideration

Something of value exchanged between parties in a contract, required for the agreement to be legally binding.

Liability Insurance

A form of insurance coverage that protects an individual or business from the risk associated with being found legally liable for various kinds of wrongs such as accidents or injuries.