Marissa is on vacation in Mexico and buys a bottle of vanilla paste for about half the price she would pay for the same bottle at home. The vanilla paste isn't on sale in Mexico but is priced lower because that's the price the market will bear. What is this an example of? Multiple Choice O price kming premium pricing price discrimination price faxing predalory picing

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 10QFR
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Marissa is on vacation in Mexico and buys a bottle of vanilla paste for about half the price she would pay for the same bottle at home. The vanila
paste isn't on sale in Mexico but is priced lower because that's the price the market will bear What is this an example of?
Multiple Choice
price somming
premium pricing
price discrimination
price fixing
predatory prong
Transcribed Image Text:Marissa is on vacation in Mexico and buys a bottle of vanilla paste for about half the price she would pay for the same bottle at home. The vanila paste isn't on sale in Mexico but is priced lower because that's the price the market will bear What is this an example of? Multiple Choice price somming premium pricing price discrimination price fixing predatory prong
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