An Example of First-Degree Price Discrimination Would Occur

question 57

Multiple Choice

An example of first-degree price discrimination would occur:

• A)if a sales agent illegally sold a commodity to a federal agent above the competitive market price.
• B)when you sell something illegally to an individual through the mail.
• C)if a car salesman could accurately guess the maximum amount each customer would be willing to pay for a vehicle and charge him/her that price.
• D)when you order 12 of something online and you pay less per unit than if you had bought only one.

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Definitions:

Underestimated Scores

Scores that fall below the actual value or performance level, often due to inaccurate measurement or assessment.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Empirical Validity

The extent to which conclusions derived from research accurately reflect or predict real-world phenomena.

Socioeconomic Status

A social standing or class of an individual or group often measured by education, income, and occupation.