To charge different prices for the goods of the same standard is called___________________?
Correct answer: A. Prices discrimination
- A. Prices discrimination
- B. Prices differentiation
- C. Oligopoly
- D. Prices elasticity
Explanation
Price discrimination means charging different prices for the same standard or product to different buyers or markets when the cost difference does not justify it. Price elasticity measures how quantity responds to a price change, not the practice of setting different prices.
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