Price discrimination is defined as a business charging different consumers ... prices for the ... product, whereby the price difference is not due to the differences in the cost of supplying the customers.
Price discrimination

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Other
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11th Grade
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Medium
Used 169+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
different …same
same …same
same...different
different …different
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price discrimination is not possible under
Perfect competition
Monopoly
Oligopoly
Monopolistic Competition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Conditions for Price Discrimination
ability to identify and segment the market into separate groups
have an PED that is price inelastic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A grocery store that offers one can of soup for $0.35 and three cans for $1.00 is engaging in
1st degree
2nd degree
3rd degree
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online scalping of concert and sporting-event tickets is an example of
1st degree price discrimination
2nd degree price discrimination
3rd degree price discrimination
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