Which of the Following Is the Closest Example of Perfect

question 5

Multiple Choice

Which of the following is the closest example of perfect price discrimination?

• A)An airline providing discounts to its frequent-flyers as they fly more
• B)At an auction of antique furniture,each piece of furniture is sold to the highest bidder
• C)A golf-club imposing a very high entry fee to reduce membership requests
• D)An electric utility charging higher rates to the customers in the summer season than in the winter season

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Definitions:

Total Assets

The sum of everything of value owned by a business, including cash, securities, inventory, property, and other tangible and intangible assets.

Periodic Inventory System

An accounting method where inventory levels and cost of goods sold are determined at set periods, rather than continuously tracked.

Journal Entry

A record in accounting that represents a transaction with debit and credit amounts recorded in the ledger to maintain financial records.

Retail Business

A type of business that sells products directly to consumers, typically through various distribution channels.