Price Discrimination

question 92

Multiple Choice

Price discrimination

• A)is the practice of charging different prices to different customers based on a seller's personal preferences and prejudices.
• B)is the practice of charging different prices to different customers based on the different costs of supplying the product to different customers.
• C)is the practice of charging different prices to different customers when the price differences cannot be attributed to variations in cost.
• D)is the practice of giving preferential treatment to certain groups of customers based on their long-standing relationship to the producer.

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Definitions:

Right to Payment

The entitlement to receive a certain amount of money, typically as a result of a contract or agreement.

Assignee

The person or entity to whom rights, interests, or properties are legally transferred.

Rights to Payment

Legal entitlements to receive money from another party, either through contractual agreement or as compensation for damages.

Personal in Nature

Characteristics or belongings that are intimately related to an individual's private life or identity.