If a Firm Charges Different Consumers Different Prices for the Same

question 45

Multiple Choice

If a firm charges different consumers different prices for the same product and the difference cannot be attributed to cost variations, then it is engaging in

• A)odd pricing.
• B)cost-plus pricing.
• C)price discrimination.
• D)markup pricing.

---

Definitions:

Social-Cognitive Theorists

Scholars who study how cognitive, environmental, and behavioral factors influence individuals' learning and behavior.

Environmental Influences

External factors, such as social, physical, and cultural environments, that can impact an individual's behavior and development.

Habit Learning

Habit learning is a form of learning characterized by the automatic response to a situation gained through repeated exposure and behavioral reinforcement.

Gestalt Psychologists

Psychologists who emphasize that the whole of anything is greater than its parts and study how people perceive and experience objects as complete patterns.