Price Discrimination Often Permits Some Consumers Who Otherwise Would Be

question 91

True/False

Price discrimination often permits some consumers who otherwise would be excluded from a market to buy a good or service.

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Definitions:

Quantity-fixing Agreements

Arrangements among competitors to limit the amount of goods or services produced or supplied, in order to influence market prices or conditions.

Explicitly Colludes

A situation where companies or individuals openly agree to work together, often illegally, to manipulate prices or markets.

Price-and-quantity-fixing

Practices by which firms set the price and output levels to control market conditions, often regarded as anti-competitive.

Collusion

A secret or illegal cooperation or conspiracy, especially between firms, to deceive or gain an unfair advantage.