Price Discrimination Is the Practice of _____

question 12

Multiple Choice

Price discrimination is the practice of _____

• A)charging different prices to different groups of consumers.
• B)charging different prices to the same groups of consumers.
• C)selling different products to different groups of consumers.
• D)selling the same products to different groups of consumers.
• E)segregating the market.

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Definitions:

United Nations

An international organization founded in 1945 dedicated to maintaining international peace and security, developing friendly relations among nations, and promoting social progress.

Letter of Credit

A financial document issued by a bank guaranteeing the payment of a buyer's obligations to a seller within a specific time frame and under certain conditions.

Buyer's Bank

Buyer's bank refers to the financial institution that represents the purchaser in a transaction, often involved in issuing or confirming payment instruments like letters of credit.

Seller

An individual or entity that offers goods or services in exchange for payment or other compensation.