The selling practice of companies in which company charges two or more prices without any difference in costs is classified as __________?
Correct answer: C. price discrimination
- A. price functionality
- B. price rebates
- C. price discrimination
- D. price leadership
Explanation
Price discrimination occurs when a seller charges different prices for the same product even though the cost difference does not justify the variation. The distinction is based on customers, locations, or other market conditions rather than different production costs.
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