Price Discrimination Is

question 78

Multiple Choice

Price discrimination is

• A) refusing to sell a given product to some group of customers.
• B) selling a given product at more than one price.
• C) selling a given product at more than one price, with the price differences reflecting differences in marginal cost in providing the product to different groups of customers.
• D) selling a given product at more than one price, with the price differences being unrelated to differences in cost.

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Definitions:

Evolutionary Theorists

Scholars and scientists who study how evolutionary theory, which posits that species change over time due to natural selection and genetic variation, applies to various phenomena.

Natural Selection

A process in biology where organisms with traits that better enable them to adapt to their environment have a greater chance of surviving and reproducing.

Social Coalitions

Alliances or partnerships formed between individuals or groups to achieve common goals or interests.

Functional Fixedness

Functional fixedness is a cognitive bias that limits a person to using an object only in the way it is traditionally used.