A Practice of Engaging in Price Discrimination in Different Markets

question 388

Multiple Choice

A practice of engaging in price discrimination in different markets in an attempt to undercut competitors is known as:

• A) predatory pricing
• B) the offense of meeting the competition
• C) retailer cartelization
• D) exclusive dealing
• E) none of the other choices

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Definitions:

Pumping Organ

This usually refers to the heart, an organ responsible for circulating blood throughout the body by rhythmic contraction and dilation.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to all parts of the body.

Veins

Blood vessels that carry blood towards the heart from various parts of the body.

Hemocoel

A primary body cavity of most invertebrates, containing circulatory fluid instead of blood and distinguished by the lack of a true coelom.