Multiple Choice
Marina is on vacation in Jamaica and buys a bottle of rum for about half the price she would pay for the same bottle at home. The rum isn't on sale in Jamaica but is priced lower because that's the price the market will bear. What is this an example of?
A) price discrimination
B) price skimming
C) predatory pricing
D) premium pricing
E) price fixing
Correct Answer:
Verified
Correct Answer:
Verified
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