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Price Discrimination Refers to a System of Pricing

Question 126

Multiple Choice

Price discrimination refers to a system of pricing


A) based on buyer income rather than buyer demand conditions, so the poor pay more than the rich.
B) that is always more profitable than simple "single-price" pricing.
C) that forces customers who require more service to pay higher prices.
D) where consumer groups with a more elastic demand for the product are charged lower prices.

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