T he illegal practice of offering the same product of like quality and quantity to different business customers at different prices, thus lessening competition is called ______________________.

Question

Quizplus · Accepted Answer

This scenario is described as price discrimination, which is when a seller charges different prices for the same product or service to different buyers. This practice harms competition and consumers because it favors certain buyers over others, giving them an advantage in the marketplace.

T He Illegal Practice of Offering the Same Product of Like