Price Discrimination

question 25

Multiple Choice

Price discrimination

• A)is a type of nonuniform pricing.
• B)is a way to legally charge a higher price to people you don't like.
• C)forces producers to make a tradeoff between charging low prices or high prices.
• D)works because consumers are ignorant about the practice.

---

Definitions:

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Cultural Competency

The skill to appreciate, interact with, and adeptly connect with individuals of different cultural origins.

Own Biases

Personal prejudices or preconceived notions that can influence one's judgment and perception.

Tolerance

The readiness to tolerate emotions, practices, or convictions that diverge from one's personal views.