Five Pricing Practices Are Scrutinized Because of Potential Unethical or Illegal

question 145

Multiple Choice

Five pricing practices are scrutinized because of potential unethical or illegal actions,including which of these?

• A)predatory pricing
• B)discount pricing
• C)lateral price fixing
• D)regional rollback pricing
• E)delayed payment pricing

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Definitions:

Diminishing Marginal Utility

The principle that as a person consumes more of a good or service, the satisfaction gained from consuming additional units declines.

Concert Tickets

Tickets sold as a means to gain entry to a live performance of musical artists or bands.

Textbooks

Published materials that provide detailed information on a particular subject, often used as primary teaching tools in educational settings.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford given their income and the prices of goods.