Price Discrimination Occurs When a Firm

question 344

Multiple Choice

Price discrimination occurs when a firm

• A) charges customers different prices for different goods.
• B) is able to sell different units of a good at different prices.
• C) charges customers the same price for different goods.
• D) can determine which of the many market equilibrium prices it will charge.
• E) has a marginal cost curve that is horizontal.

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Definitions:

Confidence Level

A statistical measure that quantifies the uncertainty or certainty in a sampling method.

Margin of Error

A measure of the accuracy of a public opinion poll, reflecting the maximum expected difference between the poll's results and the actual opinion of the total population.

Experimental Result

The outcome or data obtained from conducting a scientific experiment.

Populism

A belief in the wisdom of the common people and in the equality of all people.