Establishing Different Prices for Similar Products to Reflect Differences in Marginal

question 38

Multiple Choice

Establishing different prices for similar products to reflect differences in marginal cost in providing those goods to different groups of buyers is

• A) price discrimination.
• B) cost-plus pricing.
• C) price differentiation.
• D) product differentiation.

---

Definitions:

Agreeableness

A characteristic of personality marked by qualities like reliability, selflessness, gentleness, warmth, and various other behaviors beneficial to society.

Emotional Benefits

Positive effects on one's emotional state, such as improved mood or reduced stress, derived from certain actions or experiences.

Intrinsic Reasons

Motivations that come from within an individual, such as personal satisfaction, interest, or enjoyment of a task, rather than from external pressures or rewards.

Extrinsic Reasons

Motivations based on external rewards or pressures rather than internal satisfaction or fulfillment.