Which of the Following Is True About Price Discrimination

question 60

Multiple Choice

Which of the following is true about price discrimination?

• A)When there are a number of competing firms, price discrimination is less likely because competitors tend to undercut the high prices charged those discriminated against.
• B)A profit-maximizing seller will charge a higher price for those with a greater willingness to pay, and a lower price for demanders with a lower willingness to pay.
• C)Price differentials between groups will erode if reselling is easy.
• D)Quantity discounts are a form of price discrimination which allow a seller to charge a higher price for the first unit than for later units.
• E)All of the above are true of price discrimination.

Recognize the contributions of foreign individuals and nations to the American military efforts.

Evaluate the economic consequences of the American Revolution on the new nation.

Assess the changes in social structures and rights following the American Revolution.

Understand the significance of the Constitutional Convention and the ratification process of the U.S. Constitution.

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Definitions:

Mistrust

A lack of confidence or faith in a person or thing, often resulting from negative past experiences or perceptions of unreliability.

Age Group

A category of people of similar ages within a population who share similar experiences, interests, or physiological states.

Social and Emotional Development

The process by which individuals acquire and effectively apply the knowledge, attitudes, and skills necessary to understand and manage emotions, set and achieve goals, establish and maintain positive relationships, and make responsible decisions.

Moral Reasoning

The process through which individuals make decisions about what is right and wrong, typically evolving through stages of ethical development.