Price Discrimination Occurs When

question 140

Multiple Choice

Price discrimination occurs when

• A)price exceeds marginal cost
• B)a firm charges different customers different prices,and the differences are not explained by cost factors
• C)price exceeds average cost
• D)a firm charges different customers different prices,where these differences are based on cost differences
• E)price equals average variable cost

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Definitions:

Desire for Success

the motivation or drive to achieve favorable outcomes, excel in endeavors, and reach personal or professional goals.

Mastery Orientation

A learning orientation characterized by a focus on gaining new knowledge or abilities and improving.

Performance Orientation

A learning orientation characterized by a focus on presenting oneself well and appearing intelligent to others.

Prudence

The quality of being careful, thoughtful, or wise in practical affairs or decision-making.