Which of the Following Is True of Price Discrimination

question 69

Multiple Choice

Which of the following is true of price discrimination?

• A)It involves charging whatever the market will bear.
• B)In a competitive market,prices may have to be higher than in a market where the firm has a monopoly.
• C)It makes economic sense to charge the same prices in different countries.
• D)It exists whenever consumers in different countries are charged the same price for the same product,irrespective of variations.
• E)It cannot help a company maximize its profits.

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Definitions:

Rigid Pattern

A fixed and unchangeable sequence or way of behaving, thinking, or doing something that is difficult to alter.

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts and deviating markedly from those accepted by the individual's culture.

Categorical Approach

A method of classification based on distinct and separate categories, often used in psychiatric diagnosis to classify mental disorders.

Diagnosis

The process of identifying a disease or condition from its signs and symptoms through examination, testing, and analysis by medical professionals.