Consider the Following Actions Undertaken by a Firm: A

question 191

Multiple Choice

Consider the following actions undertaken by a firm: a. charging the same price for products of different quality
B. charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
C. charging different prices for products of different qualities
D. charging a lower price to match a competitor's price
Which of the above will be considered price discrimination?

• A) a, b, c, and d
• B) a, b, and d only
• C) b and d only
• D) a and b only

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Definitions:

Liability

A legal obligation to compensate for the harm or damage one's actions have caused.

Damages For Breach

Compensation awarded for loss or harm resulting from a breach of contract.

Incapacity

The lack of physical or mental ability to manage one's own personal or financial affairs.

Confidential Information

Sensitive information not intended for public knowledge, often protected by law or through confidentiality agreements.