Pizza Joints Often Offer Substantially Lower Prices for Pizza Picked

question 69

Multiple Choice

Pizza joints often offer substantially lower prices for pizza picked up at the shop compared to delivered pizza prices.This may be an attempt at

• A) perfect price discrimination.
• B) group price discrimination.
• C) quantity discrimination.
• D) second-degree price discrimination.

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Definitions:

Homeostasis

The ability of a living organism to maintain internal stability by adjusting its physiological processes.

Drive-Reduction

A theory of motivation that posits that behavior is driven by the need to reduce internal states of tension caused by unmet biological needs.

Incentive

A factor that motivates or encourages someone to do something, often linked to rewards or punishments.

Optimal Level

Pertains to the most favorable or advantageous level or stage of a process, activity, or variable.