The Practice by Telephone Companies of Charging Lower Long-Distance Rates

question 1

Multiple Choice

The practice by telephone companies of charging lower long-distance rates at night than during the day is an example of:

• A) inverted block pricing
• B) second-degree price discrimination
• C) peak-load pricing
• D) first-degree price discrimination
• E) none of the above

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Definitions:

Glaciers

Large masses of ice, formed by the accumulation and compaction of snow, that move slowly over land.

Smooth Relations

The practice of maintaining harmonious and effective interactions and relationships among members within an organization.

Shared Goals

Objectives that are pursued by a group or team, requiring collaboration and cooperation for achievement.

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The ability to express thoughts, feelings, or information without restraint or censorship.