Which of the Following Best Describes Price Discrimination

question 71

Multiple Choice

Which of the following best describes price discrimination?

• A) charging different prices to different people and the prices are perceived as unfair and harmful
• B) a firm selling the same good at more than one price to different groups of customers
• C) when differences in cost are reflected by differences in price
• D) commission of an act that is always illegal and not beneficial to buyers or sellers
• E) a practice available only to competitive,price-taking firms

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Definitions:

Organic Chemistry

A discipline within chemistry dedicated to exploring the makeup, features, structure, chemical reactions, and formation of substances containing carbon.

Sequence of Reactions

A series of chemical reactions carried out in a specific order to obtain a desired final product.

Transformation

The process by which one chemical compound is converted into another through a chemical reaction.

Organic Chemistry

A branch of chemistry that studies the structure, properties, composition, reactions, and preparation of compounds containing carbon.