_____ Is the Separation of a Market into Groups Based

question 18

Multiple Choice

_____ is the separation of a market into groups based on the different demand curves associated with each group.

• A) Market zoning
• B) Market augmentation
• C) Market positioning
• D) Market segmentation
• E) Market selection

---

Definitions:

Marginal Cost

The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.

Labor Force

The total number of people who are currently employed or actively seeking employment within an economy.

Opportunity Cost

Represents the value of the best alternative that is foregone when a decision is made to pursue a certain action.

Household Income

The combined gross income of all members of a household, which can include wages, salaries, pensions, government benefits, and any other income.