A Manufacturer Might Try to Defend Itself Against Charges of Illegal

question 55

Multiple Choice

A manufacturer might try to defend itself against charges of illegal price discrimination by claiming that:

• A) the price discrimination occurred as a defensive measure to "meet competition in good faith."
• B) the price differentials did not actually injure competition.
• C) the price differentials were justified on the basis of cost differences in production and/or distribution.
• D) its products were not of "like grade and quality."
• E) Any of these could make price discrimination legal.

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Definitions:

Triarchic Intelligence

A theory by Robert Sternberg that intelligence consists of analytical, creative, and practical aspects.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns without relying on previously acquired knowledge.

Motor Intelligence

The ability or skill in performing tasks with physical coordination and movement.

Gardner's Theory

Refers to Howard Gardner's theory of multiple intelligences, which proposes that individuals have various kinds of intelligences, not just a single intelligence.