What are cover and commodity ...

[cagreen833]

What are cover and commodity charges?

Question 2

Price discrimination is best described as a monopolist:
 a. selling a product at the fixed market determined price.
  b. charging buyers an excessive price for the product.
  c. charging different customers different prices when the costs are equal.
  d. selling a product for different prices during two different periods of time.
  e. charging same prices to different customers when the costs are different.

[peter]

Answer to Question 1

Cover charge is the fixed service charge which is levied by the service provider. A commodity charge is the separate charge levied on the per-unit consumption of the product/service.

Answer to Question 2

c