Which of the following statements is not correct?

Multiple Choice

Price fixing is a particular legal and ethical problem because it is not universally illegal.

Throughput contribution equals sales dollars minus direct materials costs and other variable costs such as energy and piecework labor.

Dumping is the practice of setting the selling price of a product at a low price with the intent of driving competitors out of the market or creating a barrier to entry for new competitors.

Price discrimination is the practice of selling identical goods or services to different customers at different prices.

$$ Peak$-$load pricing is the practice of setting prices highest when the quantity demanded for the product approaches the physical capacity to produce it$.$