In second-degree price discrimination, the seller charges ________
A) less to buyers of larger volumes
B) different prices depending on the season, day, or hour
C) a separate price to each customer depending on the intensity of his or her demand
D) different prices for different versions of the same product
E) different prices for the same product depending on the channel through which it is sold
A
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Which of the following is an incorrect statement regarding the creation of an agency relationship?
A) Agency relationships can be created by informal oral agreements. B) Agency relationships can be created by formal written contracts. C) Under the statute of frauds, some states require that all agency contracts be in writing. D) An agency agreement must be filed with the secretary of state in the state where the agreement is executed.
How many rooms should be reserved for corporate clients?
A) 17 B) 14 C) 13 D) 10