Price Discrimination Is the Practice of

question 73

Multiple Choice

Price discrimination is the practice of

• A)charging different prices for the same good when the price differences are not due to differences in cost.
• B)charging different prices for the same good when the price differences arise because of differences in cost.
• C)charging different prices for different qualities of a product.
• D)charging higher prices for brand-named goods and lower prices for generic versions of the goods.

---

Definitions:

Virtue

A quality considered morally good or desirable in a person.

Discriminating

Showing prejudice or bias, particularly in treating or considering people differently based on race, gender, or other personal characteristics.

Fixed Mindset

The belief that one's abilities, intelligence, and talents are fixed traits and that talent alone leads to success, without effort.

Carol Dweck

A psychologist known for her work on the mindset psychological trait, particularly fixed versus growth mindsets.