QUESTION 31 Which statement is false? According to the Robinson Patman Act, price differentials are permitted based on cost differences. Low switching costs allow a buyer to focus on minimizing the cost of a particular transaction. Business markets should mainly base their prices on costs and competitive considerations Buyers tend to be price sensitive when they can switch from one supplier to another without incurring additional costs. O Success in penetrating a buying organization with one product often means success for other items in the product line QUESTION 32 is optimal of the demand curve is stable over time and production costs decline with accumulated volume During the innovative firm's monopoly period, a Skimming policy an industry segmentation policy none of these O life cycle cost pricing policy Obidding price policy