Asked by
Holden. Pickard
on Oct 12, 2024Verified
Each of the following is an example of price discrimination except
A) senior citizen discounts at restaurants.
B) lower-priced movie tickets at "rush hour" to attract customers at dinner time.
C) high-priced tickets just behind the bench of the NBA championship team.
D) student rates for subscriptions to Business Week.
Price Discrimination
A pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets or to different segments of consumers.
Senior Citizen Discounts
Discounts offered to elderly individuals, typically those aged 65 and older, to reduce the cost of goods and services for them.
Movie Tickets
The admission passes purchased to view films in theaters.
- Gain an understanding of the conditions and consequences of price discrimination.
Verified Answer
AP
Learning Objectives
- Gain an understanding of the conditions and consequences of price discrimination.