Price Discrimination Occurs When a Seller Charges the Same Price

question 37

True/False

Price discrimination occurs when a seller charges the same price to competing buyers for identical goods or services.

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Definitions:

Need for Sleep

Refers to the essential, intrinsic requirement of all human beings (and many animals) for rest through sleep to maintain physical, mental, and emotional health.

Maslow's Need Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchy, starting from basic physiological needs to self-actualization.

Growth Need Category

A classification of needs that focuses on an individual's desire for personal development, competence, and self-fulfillment.

Self-actualization

Refers to the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.