Price Discrimination Refers To

question 141

Multiple Choice

Price discrimination refers to:

• A) charging different prices to different groups on the basis of production cost differences.
• B) charging different prices to different groups without a basis for doing so because of differences in production costs.
• C) the ability of a firm to charge a price in excess of marginal cost.
• D) consumer bargain hunting.

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Definitions:

Glazier

A glassworker.

Cames

Thin metal strips, traditionally lead, used to join pieces of glass together in the creation of stained glass windows and art.

Optical Isolator Circuit

A component that uses light to transfer an electrical signal between two isolated circuits, preventing high voltages from affecting the system receiving the signal.

Line Voltage Transients

Short-duration surges, spikes, or dips in electrical power supply voltage, which can damage equipment or affect performance.