As a Rationing Mechanism,discrimination According to Seller Bias Is

question 79

Multiple Choice

As a rationing mechanism,discrimination according to seller bias is

• A)efficient and fair.
• B)efficient,but potentially unfair.
• C)inefficient,but fair.
• D)inefficient and potentially unfair.

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Definitions:

Specific Area of Operations

Refers to a designated segment within an organization focused on a particular set of tasks, goals, or objectives, often with its specified strategies and responsibilities.

Strategic Business Unit

A semi-autonomous division within a larger organization, responsible for its own strategy, resources, and performance, focusing on specific market segments.

Larger Enterprise

A business organization that operates on a vast scale, typically encompassing multiple locations, a large workforce, and a wide range of products or services.

Unit Elastic

Describes a situation where a percentage change in price leads to an equal percentage change in quantity demanded or supplied.