In General, Price Discrimination Is Based on Differences in _______

question 45

Multiple Choice

In general, price discrimination is based on differences in _______ among different groups of customers and the differences in _______ that will result.

• A) preferences; marginal costs
• B) price elasticity of demand; profits
• C) marginal revenue; marginal costs
• D) products; marginal costs

---

Definitions:

Hypothetical Conclusion

A conclusion that is based on a conditional statement, depending largely on a "if-then" scenario.

Fallacy

A fault in logical judgment that causes an argument to be invalid or not based on sound reasoning.

Denying Antecedent

A logical fallacy involving the incorrect assumption that the falsehood of a premise invalidates the conclusion, particularly in conditional reasoning.

Hypothetical Syllogism

A logical argument involving two conditional statements and a conclusion that logically follows from them.