A Common Criticism of Price Discrimination Is That It Seems

question 65

Multiple Choice

A common criticism of price discrimination is that it seems to:

• A) cost some people more for similar goods or services.
• B) cost some people more for the exact same good or service.
• C) decrease a monopolist's profits.
• D) make monopoly unviable.

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Definitions:

Charisma

Provides vision and a sense of mission, and it instills pride along with follower respect and trust.

Cultural Tradition

The inherited and shared ways of living, which include beliefs, practices, and artifacts, carried from one generation to the next.

Continuous-process Technology

A production method characterized by a constant and non-interrupted manufacturing process.

Assembly-line System

A manufacturing process in which parts are added to a product in a sequential manner using a flow production method to create finished products efficiently.