_______________ Could Result in Overall Higher Prices for Consumers Since

question 57

Multiple Choice

_______________ could result in overall higher prices for consumers since various competitors are all pricing the same to maximize their profits.

• A)Price fixing
• B)Price discrimination
• C)Deceptive pricing
• D)Bait and switch
• E)Predatory pricing

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Definitions:

Fixed Costs

Expenses that remain constant in total regardless of changes in the level of business activity or output.

Net Income

The total amount of profits earned by a company after all expenses and taxes have been deducted from revenue.

Special Order

A one-time order that is not considered part of the company's normal ongoing operations, often requiring special pricing or terms.

Incremental Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.