Asked by
Ricky Hinojosa
on Oct 12, 2024Verified
Each of the following is an example of price discrimination except
A) senior citizen discounts at movie theaters.
B) expensive blood tests in a medical lab for well-to-do medical patients.
C) higher-priced movie tickets on "date-night."
D) student rates for subscriptions to the Wall Street Journal.
Price Discrimination
A pricing strategy where identical or substantially similar products or services are sold at different prices by the same provider in different markets.
Senior Citizen Discounts
Price reductions or special offers given to elderly consumers, typically those aged 65 and older, as a form of financial relief or incentive.
- Recognize the criteria for the application of price discrimination in monopolistic competition scenarios.
Verified Answer
DW
Learning Objectives
- Recognize the criteria for the application of price discrimination in monopolistic competition scenarios.