Price discrimination refers to
A. the practice of charging a very low price for a product with the intent of driving competitors out of business.
B. an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor.
C. the practice of charging different prices to different buyers for goods of like grade and quality.
D. a seller's requirement that the purchaser of one product also buy another product in the line.
E. a conspiracy among firms to set prices for a product or service.
Answer: C
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