loose the Correct Option: I. A consumer aims at maximizing his benefits from consumption, given his income and prices of goods he is assumed to be a. Ordinal b. Cardinal c. Consistent d. Rational 2. Which word denotes that a consumer considers one alternative exactly as good as the other? a Preference b. Indifference C. Income effect d. Transitivity 3. The practice of charging a different price for the same good or service. Pure competition b. Price discrimination c. Pricing strategy d. Non-profit strategy 4. Economists have become more interested in partly because of the growth of e-commerce as a means of buying and selling goods and services a. Monopoly b. Oligopoly c. Pure competition d. Duopoly 5. Consumers in the market have imperfect information and their choices are influenced by a. Persuasive marketing b. Negative externality C. Positive externality d. Barriers to entry