In the Real World,price Discrimination Is More Difficult Because

question 23

Multiple Choice

In the real world,price discrimination is more difficult because:

• A) it is difficult to identify and verify different groups.
• B) to perfectly discriminate, the firm must read people's minds to know their willingness to pay.
• C) it can be challenging to prevent the resale of goods from one group to another.
• D) All of these statements are true.

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Definitions:

Sternberg's Triarchic Theory

A theory of intelligence proposing that human intelligence comprises three aspects: analytical, creative, and practical.

Analytical

Pertaining to or using analysis; characterized by the ability to break down complex information or problems into smaller parts for better understanding or solution.

Creative

Pertaining to or involving the use of the imagination or original ideas to create something.

Divergent Thinking

A brainstorming method or system intended to foster creativity by scrutinizing multiple potential solutions.