In One of Its Least Favorite Actions, Amazon

question 341

Multiple Choice

In one of its least favorite actions, Amazon.com was caught fiddling with its prices. Avid DVD buyers, buying in quantity for resale, found that the online retailer was offering different customers different prices for the same DVD, and complained vociferously. Company officials admitted that the company was trying to see how much it could charge for an item before buyers balked. Amazon was caught attempting

• A)horizontal price-fixing.
• B)price discrimination.
• C)resale price maintenance.
• D)predatory pricing.
• E)bait and switch pricing.

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Definitions:

Periderm

A protective tissue in plants, making up the outer layer of the bark in woody plants.

Yolk Sac

An extra-embryonic membrane in early embryonic development that provides nutrition to the developing embryo.

Prostate Gland

A gland in males located below the bladder surrounding the urethra, secreting fluid that is a component of semen.

Spermatic Cord

A bundle of fibers and tissues passing through the abdominal wall and into the testes, involved in blood supply, waste removal, and sperm delivery.