Which of the Following Is (Are)price Discrimination

question 194

Multiple Choice

Which of the following is (are) price discrimination?
i.charging different prices based on differences in production cost
ii.charging business flyers a higher airfare than tourists
iii.charging more for the first pizza than the second

• A) i only
• B) ii only
• C) ii and iii
• D) i and iii
• E) i, ii, and iii

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Definitions:

True Bargains

Deals that are genuinely advantageous, offering good value for the money paid.

Legal Consideration

Something of value, which can be a promise, service, or object, exchanged between parties as part of a contract.

Refrain From Alcohol

An advisory or mandate to abstain from consuming alcoholic beverages.

Consideration Requirement

The legal principle that a contract must involve a bargain or exchange of value between the parties to be enforceable.