Consider the Following Actions Undertaken by a Firm

question 129

Multiple Choice

Consider the following actions undertaken by a firm:
A.charging a higher price for products of higher quality
B.charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
C.charging different prices for products of different qualities
D.charging a lower price to match a competitor's price
Which of the above will be considered price discrimination?

• A)a, b, c, and d
• B)a, b, and d only
• C)b and d only
• D)b only

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Definitions:

Written Communication

The exchange of messages or information through written symbols, including letters, emails, reports, and social media posts.

Electronic Communication

The exchange of information using electronic devices and platforms, such as email, texting, and social media.

Nonverbal Communication

The process of conveying a message without the use of words, which includes gestures, facial expressions, body language, and other forms of unspoken communication.

High-Context

Communication style where most of the information is either in the physical context or internalized in the person, with little in the coded, explicit part of the message.