Consider the following statements about pricing and the law: I. American antitrust laws restrict certain types of pricing behavior.
II. The term "price discrimination" involves charging different prices to different customers for the same goods and services.
III. Charging different prices to different customers for the same goods is permissible if price differences are based on cost differences of producing and/or selling the good.
Which of the above statements is (are) true?
A. II and III.
B. II only.
C. I, II, and III.
D. I and II.
E. I only.
Answer: C
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