Price Discrimination Is Considered Bad When

question 220

Multiple Choice

Price discrimination is considered bad when:

• A) total surplus increases.
• B) total surplus decreases.
• C) deadweight loss is diminished.
• D) it is practiced by any firm.

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Definitions:

Product

One of the four main elements of the marketing mix, it is a bundle of tangible and intangible attributes, including packaging, color, and brand, plus the services and even the reputation of the seller.

Strategic Question

A carefully formulated question designed to gather essential information, guide decision-making, or provoke deeper thinking related to strategic goals.

SPIN Approach

A consultative sales technique that stands for Situation, Problem, Implication, Need-payoff, focusing on asking questions to understand customer needs and offering solutions.

Questions

Questions are inquiries or prompts designed to elicit information, encourage thought, or provoke discussion.