The Practice of Selling the Same Product at Different Prices

question 91

Multiple Choice

The practice of selling the same product at different prices in different markets, without corresponding differences in costs, is:

• A) price discrimination.
• B) privatizing.
• C) monopolizing.
• D) output prioritizing.

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Definitions:

Ethnicity

A group of individuals who share a sense of belonging through similar ancestral, social, cultural, or national backgrounds.

Likelihood

The probability or chance that a particular event will occur, often used in statistical analysis and prediction models.

Admission Decision

The outcome of the evaluation process by which institutions determine if a candidate meets the criteria for entry.

Program

A set of related measures or activities with a particular long-term aim or a sequence of instructions to perform a specific task by a computer.