_____ refers to selling to two or more different buyers, within a reasonably short time, commodities (not services) of like grade and quality at different prices where the result would be to substantially lessen competition.
A)Price discrimination
B)Price fixing
C)Bait pricing
D)Penetration pricing

Question

Quizplus · Accepted Answer

Price discrimination refers to selling the same product or service to different customers at different prices, with the intention of maximizing profits. However, when this becomes a strategy to harm competition, it violates antitrust laws. This is known as predatory pricing and can lead to reduced competition and an unfair advantage for the seller.

_____ Refers to Selling to Two or More Different Buyers