Which of the Following Statements Is True

question 19

Multiple Choice

Which of the following statements is true?

• A) It is always in the interest of the firm to engage in price discrimination if possible.
• B) Rearranging sales among different groups of customers decreases total revenue while increasing total cost.
• C) Most goods and services we buy are offered on a discriminatory basis.
• D) Price discrimination is illegal.

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Definitions:

Ore

A naturally occurring solid material from which a metal or valuable mineral can be extracted profitably.

Straight-Line Depreciation

A procedure for spreading out the cost of a solid asset over the duration of its usability in equal annual payments.

Obsolescence

The process or condition of a product or component becoming outdated or no longer useful due to advancements or changes in technology, market demand, or other factors.

Salvage Value

The anticipated recovery value of an asset after its period of usefulness ends.