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:

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Puberty

The developmental stage in humans marking the transition from childhood to adulthood, characterized by physical and hormonal changes leading to sexual maturity.

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Brief bursts of brain activity that occur during stage 2 of the sleep cycle, involved in memory consolidation and learning.