Which of the Following Statements About Price Discrimination Is True

question 58

Multiple Choice

Which of the following statements about price discrimination is true?

• A) It exists whenever consumers in a country are charged different prices for the same product.
• B) A necessary condition for profitable price discrimination is different price elasticities of demand in different countries.
• C) It is the use of price as a competitive weapon to drive weaker competitors out of a national market.
• D) It makes economic sense to charge the same prices across countries.

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Definitions:

Family Support

Assistance and encouragement provided by family members to one another, which can be emotional, financial, or physical.

Somatic Symptom Disorders

A category of mental disorders characterized by excessive thoughts, feelings, or behaviors related to physical symptoms, leading to significant distress or impairment.

Factitious Disorders

A mental disorder in which a person acts as if they have a physical or mental illness when they are not really sick, often done to gain attention or sympathy.

Psychological Stress

A form of stress experienced as a result of perceived pressures, conflicts, and demands that challenge an individual’s ability to cope, potentially affecting mental health.