Respuesta :
Discriminatory pricing occurs when sellers agree informally or formally to set floor prices below which they will not sell on auction items.
Which illustration qualifies as a price floor quizlet?
The minimum wage and farm price supports are two instances of price floors. If a price ceiling is enforceable, there will be a shortage if suppliers do not create enough products to satisfy demand. If a price floor is broken, it causes a glut since suppliers produce more things than there is demand for.
The consistent price method is what.
In "uniform price" auctions, the cut-off price at which the market settles the issue is the same for all successful bidders. The issue announcement notification provides ample prior notice of the auction process.
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