Question
Multiple Select Question
Select all that apply
Under which of the following circumstances is it legal to charge different prices to different customers?
Multiple select question.
When the price difference allows a superior reseller to gain an advantage
Never; this practice is always illegal.
When the price differences do not lessen competition
When the price differences are due to changing market conditions
Select all that apply
Under which of the following circumstances is it legal to charge different prices to different customers?
Multiple select question.
When the price difference allows a superior reseller to gain an advantage
Never; this practice is always illegal.
When the price differences do not lessen competition
When the price differences are due to changing market conditions
Answers
GPT-4o mini
When considering the legality of charging different prices to different customers, the correct answers from the provided options would be:
1. **When the price differences do not lessen competition** - Price differentiation is legal as long as it does not create unfair competition or violate antitrust laws.
2. **When the price differences are due to changing market conditions** - Adjusting prices in response to changing market conditions is typically legal and a common practice in business.
The options "When the price difference allows a superior reseller to gain an advantage" and "Never; this practice is always illegal" are not correct within the context of legal pricing strategies. Price differentiation can be permissible under certain conditions and is often used in various business practices.
1. **When the price differences do not lessen competition** - Price differentiation is legal as long as it does not create unfair competition or violate antitrust laws.
2. **When the price differences are due to changing market conditions** - Adjusting prices in response to changing market conditions is typically legal and a common practice in business.
The options "When the price difference allows a superior reseller to gain an advantage" and "Never; this practice is always illegal" are not correct within the context of legal pricing strategies. Price differentiation can be permissible under certain conditions and is often used in various business practices.