Firms Practice Price Discrimination in Order to Increase Revenue

question 36

True/False

Firms practice price discrimination in order to increase revenue.

---

Definitions:

Psychotherapists

Professionals trained to treat psychological disorders and mental distress through verbal and psychological techniques.

Illusory Correlation

The perception of a relationship between two variables even when no such relationship exists.

Confirmation Bias

The inclination to seek out, understand, prefer, and remember information in a manner that validates one's existing beliefs or theories.

Cognitive Error

Faulty thinking patterns that lead to misinterpretation of experiences or interactions.