Why Might a Producer Practice Price Discrimination

question 254

Multiple Choice

Why might a producer practice price discrimination?

• A)to make its products more affordable to those with low incomes
• B)to maximize economic efficiency
• C)to maximize profits
• D)to maximize quantity demanded

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Definitions:

Melanin

A pigment found in the skin, hair, and eyes that is responsible for their color and helps protect against UV radiation.

Acrochordon

Small, benign skin growths, often referred to as skin tags.

Lentigo

A small, clearly defined pigmented spot on the skin with a darker color than the surrounding area, often caused by sun exposure.

Bulla

A large blister containing fluid that lies between or beneath the skin's upper layers.