A Practice Whereby a Seller Charges Different Prices to Different

question 164

Multiple Choice

A practice whereby a seller charges different prices to different consumers of the same product or service is called

• A) price discrimination.
• B) oligopolistic pricing.
• C) stay-out pricing.
• D) monopolistic pricing.

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Definitions:

Free-Market Intent

The overarching aim or philosophy of allowing market forces of supply and demand to operate with minimal government intervention.

Agricultural Policy

A set of laws and regulations implemented by governments to stabilize agricultural markets, support farm income, and encourage agricultural production.

Freedom To Farm Act

Legislation enacted to give farmers more flexibility in the planting choices of crops, aiming to make American agriculture more market-driven.

Reduced Export Demand

A situation where there is a decline in the international demand for a country's goods or services, often affecting the exporting country's economy.