I guess the correct answer is price discrimination, Robinson-Patman Act
As a result of Hurricane Charley, the Green Mountain Lumber Co. decides to charge all Home Depots in Florida $25 per sheet of plywood while all Home Depots outside of Florida pay only $10 per sheet of plywood. The Green Mountain Lumber Co. can be charged with price discrimination, which is illegal under the Robinson-Patman Act.
Price discrimination is the act of charging different consumers different prices for the same product.
The Robinson-Patman Act (1936) makes it unlawful to practice price discrimination, where the effect may substantially lessen competition or help to create a monopoly
The basis of competition is freedom of choice exercised in the pursuit of money.
<h3>What is competition?</h3>
Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
Learn more about economic competition here : brainly.com/question/967467
Answer:
decreasing marginal benefit.
Explanation:
A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.
When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.
Consumption after this point is known as decreasing marginal benefit to the customer.
This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.
Answer and Explanation:
Direct competition is a type of competition where two or more businesses offers the same kind of product and compete in the similar market.
The examples like dominos versus pizza hut in terms of food, HP versus Dell in terms of laptop
So in this examples they sell the same kind of products and compete each other
