Price Discrimination

question 92

Multiple Choice

Price discrimination

• A)is the practice of charging different prices to different customers based on a seller's personal preferences and prejudices.
• B)is the practice of charging different prices to different customers based on the different costs of supplying the product to different customers.
• C)is the practice of charging different prices to different customers when the price differences cannot be attributed to variations in cost.
• D)is the practice of giving preferential treatment to certain groups of customers based on their long-standing relationship to the producer.

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Definitions:

Legitimacy

The general perception or acceptance that an action, entity, or regime is appropriate and justified.

Negotiators

Individuals who engage in negotiation, working to reach an agreement or resolve a dispute.

Strategies

Strategies are comprehensive plans or sets of actions designed to achieve specific goals or outcomes.

Encounters

Meetings or interactions between individuals, often implying a face-to-face exchange.