Suppose Amazon

question 52

Multiple Choice

Suppose Amazon.com were to charge each consumer a different price,according to his or her willingness to pay for the latest novel in the Twilight series.The firm would be engaging in:

• A)peak-load pricing.
• B)first-degree price discrimination.
• C)second-degree price discrimination.
• D)third-degree price discrimination.

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Definitions:

Cones

Cone-shaped photoreceptors that transmit sensations of color.

National Honor Society

An organization in the United States that recognizes high school students for their achievements in scholarship, leadership, service, and character.

Law of Continuity

A principle in Gestalt psychology stating that elements that are arranged on a line or curve are perceived to be more related than elements not on the line or curve.

Fovea

A tiny pit located in the macula of the retina, responsible for sharp central vision necessary for activities like reading.