The Ability of a Firm to Charge Different Customers Different

question 62

Multiple Choice

The ability of a firm to charge different customers different prices is called _____:

• A)price ceiling.
• B)price discrimination.
• C)predatory pricing.
• D)price flooring.
• E)basing point pricing.

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Definitions:

Impulse

A sudden strong and unreflective urge or desire to act.

Necrotic

Pertaining to the death of cells or tissues in the body, often as a result of disease, injury, or lack of blood supply.

Autonomic Nervous System

A part of the nervous system that controls involuntary actions of the smooth muscles and heart and also regulates glandular functions.

Glands

Organs in the body that secrete hormones or other substances directly into the blood or onto a body surface.