Charging Different Prices to Different Customers for the Same Good

question 12

Multiple Choice

Charging different prices to different customers for the same good or service is known as

• A)monopoly
• B)price setting
• C)competition
• D)price discrimination
• E)rent seeking

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Definitions:

Vane Type Pump

A Vane Type Pump is a hydraulic pump in which slotted rotor vanes are used to move fluid through the pump, widely used for their reliability and efficiency in transferring fluids at variable flow rates.

Rotor

Any of a number of different components that rotate. In air brakes, the rotor turns with the wheel and has braking force applied to it, whereas in an alternator, the rotor provides the magnetic fields required to create current flow.

Cam Ring

An eccentric liner, usually stationary, within which mobile pump members rotate.

Non-Positive

Describes a connection or interaction where movement or slip is permitted between components, as opposed to a fixed, rigid connection.