Which of the following is true regarding price discrimination?
A)Price discrimination by firms selling to final consumers is illegal,but it is usually legal in selling to intermediaries.
B)Price discrimination is not covered by Federal laws,but in some states it is illegal.
C)Price discrimination is always illegal.
D)Price discrimination may be legal if the firm can prove that different prices were set based on different costs.
E)None of these answers is correct.

Question

Quizplus · Accepted Answer

The law does permit some price differences-based on (1)cost differences or (2)the need to meet competition.

Which of the Following Is True Regarding Price Discrimination