Price Discrimination Is

question 21

Multiple Choice

Price discrimination is:

• A)the practice of charging customers different prices for the same good.
• B)the practice of charging customers the same price for a variety of similar goods.
• C)choosing which prices to charge for certain items.
• D)the process of customers choosing items based on price.

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Definitions:

Unliquidated Debt

Debt for which the exact amount owed has not been determined.

Accord And Satisfaction

A legal contract whereby two parties agree to discharge a tort claim, contract, or disputed claim by an agreement (the accord) and payment (the satisfaction) that differs from the original agreement.

Liquidated Debt

A fixed and settled debt amount that is acknowledged by both the debtor and the creditor.

Preexisting Duty

A legal principle that states a promise to do something that one is already legally obligated to do is not sufficient consideration for a new contract.