Suppose a Firm Uses the Following Price Strategy for Every

question 43

Multiple Choice

Suppose a firm uses the following price strategy for every customer.The first two units purchased cost $4 each,and any extra unit costs $3.50.What kind of price discrimination is this?

• A) First-degree price discrimination
• B) Group price discrimination.
• C) Non-uniform pricing.
• D) Uniform pricing.

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Definitions:

Behavior

The actions or reactions of an organism, often in response to its environment.

Altruistic Behavior

Occurs whenever a helping individual behaves in a way that benefits another individual at a cost to its own fitness.

Hamilton

A city in Ontario, Canada, known for its industrial heritage, or referring to William D. Hamilton, a biologist who made significant contributions to the theory of evolution.

Alleles

Variants of a gene that determine distinct traits which can be passed from parents to offspring.