Peak-Load Pricing Is a Form of Price Discrimination and Is

question 161

True/False

Peak-load pricing is a form of price discrimination and is illegal.

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Definitions:

Negotiable

Pertains to documents or instruments that are transferable from one person to another through endorsement or delivery, thereby allowing the holder to take title.

Nonnegotiable

A term describing instruments or securities that cannot be transferred or assigned to another party.

Duress

A condition in which a person performs an act as a result of violence, threat, or other pressure against the person.

Fraudulent Inducement

A legal claim based on a misrepresentation of fact that leads another to enter into a contract or transaction with detrimental reliance on that misrepresentation.