Table 12-1 shows the price for the novel, Harry Potter and The Deathly Hallows at four online bookstores.
-Refer to Table 12 -1. Which of the following can one conclude from the data above?
A) The item offered for sale is similar but not identical; the quality of service and delivery time might vary from store to store, which justifies the price differences.
B) The data provides clear evidence of price discrimination in online bookstore market.
C) PleaseBuyFromMe.com and KetabySidaqy.com have deliberately under -priced their product to force the other two big players out of business.
D) Johnnycomelately.com is able to charge a lower price for the item because it is more cost efficient than the other three companies.

Question

Table 12-1 shows the price for the novel, Harry Potter and The Deathly Hallows at four online bookstores.
-Refer to Table 12 -1. Which of the following can one conclude from the data above?
A) The item offered for sale is similar but not identical; the quality of service and delivery time might vary from store to store, which justifies the price differences. 
B) The data provides clear evidence of price discrimination in online bookstore market. 
C) PleaseBuyFromMe.com and KetabySidaqy.com have deliberately under -priced their product to force the other two big players out of business. 
D) Johnnycomelately.com is able to charge a lower price for the item because it is more cost efficient than the other three companies.

Quizplus · Accepted Answer

The variation in price among different stores for a similar item suggests differences in service quality, delivery time, or other factors that could justify the price differences, rather than indicating clear evidence of price discrimination or deliberate underpricing strategies.

Table 12-1 Shows the Price for the Novel, Harry Potter