When You Buy at a Low Price in One Market

question 10

Multiple Choice

When you buy at a low price in one market then sell at a higher price in another market you are engaging in

• A)odd pricing.
• B)arbitrage.
• C)an antitrust prohibited practice.
• D)price discrimination.

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Definitions:

Expect

To anticipate or regard as likely to happen in the future.

Random Variable

A variable whose values depend on outcomes of a random phenomenon, often used in probability and statistics.

Values

Fundamental beliefs or principles that guide behavior and decision-making.

Uncertain

Lacking predictability, certainty, or clarity, often leading to risk or indecision in decision-making processes.