Asked by
averyl anderson
on Oct 25, 2024
Verified
A tennis pro charges $15 per hour for tennis lessons for children and $30 per hour for tennis lessons for adults. The tennis pro is practicing:
A) first-degree price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) fourth-degree price discrimination.
E) fifth-degree price discrimination.
Third-degree Price Discrimination
A pricing strategy where a firm charges different prices to different groups of consumers for the same product, based on their willingness to pay.
Tennis Lessons
Instruction or training sessions focused on improving a person's skills and understanding of the game of tennis, offered by professionals or experienced players.
- Absorb the fundamentals of price discrimination and its specific categories (first-degree, second-degree, third-degree).
- Understand the specific instances driving entities to engage in assorted strategies of price differentiation.
Verified Answer
JS
Learning Objectives
- Absorb the fundamentals of price discrimination and its specific categories (first-degree, second-degree, third-degree).
- Understand the specific instances driving entities to engage in assorted strategies of price differentiation.
Related questions
Third-Degree Price Discrimination Involves ...
A Doctor Charges Two Different Prices for Medical Services, and ...
When a Firm Charges Each Customer the Maximum Price That ...
Which of the Following Statements About Price Discrimination Is Correct ...
To Gain from Price Discrimination, Price Searchers ...