Multiple Choice
Price discrimination is:
A) the practice of charging a very low price for a product with the intent of driving competitors out of business.
B) the practice of charging different prices to different buyers for goods of like grade and quality.
C) an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor.
D) a conspiracy among firms to set prices for a product or service.
Correct Answer:
Verified
Correct Answer:
Verified
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