Which of the following statements is true regarding the first-degree of price discrimination?
A) It is changing the price of a product due to inflation.
B) It occurs when competitors charge different prices for similar products in the same market segment.
C) It involves charging different prices to segments of the market according to their price elasticity or sensitivity.
D) It refers to the strategy of charging a higher price for a product at the time of introduction and then gradually decreasing its price.
C
Business
You might also like to view...
Independent contractors, hired by principals, are liable for their torts committed while acting
within the scope of their authority. Indicate whether the statement is true or false
Business
High inflation might cause a company to gain advantages by selling more on credit
Indicate whether the statement is true or false
Business