Laws exist to prevent unfair ________ by ensuring that sellers offer the same price terms to customers at a given price level.
A) marketing
B) price discrimination
C) dynamic pricing
D) price collusion
E) treatment of small retailers

Question

Quizplus · Accepted Answer

Price discrimination refers to the practice of charging different prices for the same product or service to different customers. Laws against price discrimination aim to prevent sellers from unfairly favoring certain customers over others by offering them lower prices. Other choices may be relevant to discussions of pricing strategies, but they are not directly related to preventing unfair treatment of customers.

Laws Exist to Prevent Unfair ________ by Ensuring That Sellers