Consider the Following Actions Undertaken by a Firm

question 117

Multiple Choice

Consider the following actions undertaken by a firm:
a. charging a higher price for products of higher quality
b. charging different prices to different consumers for the same product when the variation cannot be explained by cost differences
c. charging different prices for products of different qualities
d. charging a lower price to match a competitor's price
Which of the above will be considered price discrimination?

• A) a, b, c, and d
• B) a, b, and d only
• C) b and d only
• D) b only

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Definitions:

Possible Selves

The aspect of self-concept that includes individuals' ideas of what they might become, what they would like to become, and what they are afraid of becoming.

Potential

The capacity to develop, achieve, or become something more in the future.

Expected

An outcome or event regarded as likely to happen based on prior knowledge, trends, or logical prediction.

Coping Technique

Methods or practices that individuals employ to deal with difficult situations, stress, or emotional problems, often facilitating adaptation and resilience.