Which of the following is an example of second-degree price discrimination? an airline company that offers an economy class ticket at a lower price than a business class ticket none of the other answers an electricity company that offers lower prices for new customers a gym that charges everybody the same membership and per visit fees a theatre that offers lower prices for seniors

Which of the following is an example of second-degree price discrimination? an airline company that offers an economy class ticket at a lower price than a business class ticket none of the other answers an electricity company that offers lower prices for new customers a gym that charges everybody the same membership and per visit fees a theatre that offers lower prices for seniors

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter14: Indirect Price Discrimination

Section: Chapter Questions

Problem 10MC

See similar textbooks

Similar questions

Which of the following would not be considered price discrimination? 1 Long distance telephone rates are cheaper late at night. 2 Airline fares are cheaper if you reserved several weeks in advance. 3 The price of a brand name prescription drug is higher than the price of a generic brand. 4 Senior citizens pay less for a movie.
Explain the first degree of the price discrimination in the economy?
what are pricing tactics and examples? What are some forms of price discriminations?
why price discrimination is profitable in the perfume market or industry ?
Which of the following is not an example of price discrimination? a. Senior citizen discount at the movies b. Grocery coupons c. Shipping a package further costs more d. Charging a higher price for ice-cream during the summer and a lower price in the winter
ЕОC 16.04 Which of the below is NOT an example of price discrimination? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. Airlines charge a lower price for round trips than one-way trips. a b Many Universities provide financial aid to needy students. Shops provide discount coupons to the public. Gas prices are different throughout the city.
Monopoly and Price Elasticity PLEASE HELP
What can you say about the price, with and without price discrimination
a) Why does TRUVADA cost $1,780 in the United States whereas it's just $8 in Australia?b) Can you provide other examples of price discrimination?
Suppose that Jawa Timur Park offers a discount on admission to residents of Batu. What kind of price discrimination is this? What does this imply about the elasticity of demand for Jawa Timur Park attractions by Batu?
Define price discrimination. Give two examples of price discrimination. How does perfect price discrimination affect consumer surplus, producer surplus and total surplus?
Which of the following is an example of second degree price discrimination Cents off coupon O Airline tickets O Movie Tickets Burger Meals at fast food shop O None of the above