MCQOPTIONS
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| 1. |
Which of the following best defines price discrimination? |
| A. | Charging different prices on the basis of race |
| B. | Charging different prices for goods with different costs of production |
| C. | Charging different prices based on cost-of-service differences |
| D. | Selling a certain product of given quality and cost per unit at different prices to different buyers |
| Answer» B. Charging different prices for goods with different costs of production | |