The Practice of Charging Different Prices to Different Customers for the Same

question 82

Multiple Choice

The practice of charging different prices to different customers for the same good or service,even though the cost of supplying those customers is the same,is:

• A)privatization.
• B)monopolization.
• C)output competition.
• D)price discrimination.

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Definitions:

Physical Needs

Basic requirements necessary to sustain human life, including air, water, food, shelter, and sleep.

Psychological Motives

Internal drives and desires, such as the need for achievement, affiliation, or power, that influence individuals' behavior and actions.

Acquired Drive

A learned or developed motivational state that emerges from the experience of satisfying basic physiological needs.

Approval

The act of accepting or sanctioning something, often expressed formally by an authoritative figure or institution.