Which of the following is NOT an example of price discrimination? A. airlines charging lower prices...
Which of the following is NOT an example of price discrimination?
A. airlines charging lower prices to travelers who stay over a Saturday night
B. student discounts at movie theaters
C. back-to-school sales
D. discounted coffee for senior citizens at restaurants
Homework Answers
C. back-to-school sales
Price discrimination refers to charging different prices to different customers based on geographical conditions or age group or on any other classification. This back to school sales does not comes under any of those.
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Which of the following is NOT an example of price
discrimination?
A. airlines charging lower prices...
Airlines often charge different groups of passengers different prices for identical seats. For instance, business travelers,...
Airlines often charge different groups of passengers different prices for identical seats. For instance, business travelers, people staying only one night, and those flying on short notice often pay 3 or 4 times as much money for a seat as individuals on vacation who booked their seat months in advance, and those who stay over Saturday nights. Assuming airlines are out to maximize profit, why do they risk losing business travelers by charging such high prices? Why do they offer...
a. First-degree price discrimination involves a firm charging different prices: based on the firm's ability to segm...
a. First-degree price discrimination involves a firm charging different prices: based on the firm's ability to segment the market into two or more groups to each customer based on race, religion, or other individual characteristic based on the quantity of a good or service purchased. to each customer based on his or her willingness and ability to pay. b. Which of the following purchases is an example of first-degree price discrimination? A big-box store offering a discount for people who...
Which of the following is not an example of third-degree price discrimination? A.Discounted movie tickets for...
Which of the following is not an example of third-degree price discrimination? A.Discounted movie tickets for senior citizens. B.Manufacturer's coupons. C.Higher fares for business travellers. D.Reservation pricing for each consumer. E.Lower prices for students.
Which of the following would be described as indirect price discrimination? [Choose All That Apply] A...
Which of the following would be described as indirect price discrimination? [Choose All That Apply] A car salesperson negotiating individual prices for individual customers. Offering senior citizen discounts at restaurants. Offering buy two, get one free discounts. A museum charging different prices for local customers and tourists.
Which of the following is not an example of price discrimination by a firm? a. a...
Which of the following is not an example of price discrimination by a firm? a. a senior citizens' discount b. a natural gas company charging customers a higher rate in the winter than in the summer c. children's meals at a restaurant d. coupons in the Sunday newspaper
Price Discrimination and Hurdles 3 3 unread replies. 3 3 replies. Negative connotations are likely when...
Price Discrimination and Hurdles 3 3 unread replies. 3 3 replies. Negative connotations are likely when you combine “discrimination” with most words (e.g., “racial discrimination”). But, is price discrimination bad? The hurdle method of price discrimination is one method price-discriminating firms use to separate those who are willing to pay a high price from those who are more price conscious. The hurdle method is the practice by which a seller offers a discount to all buyers who overcome some obstacle....
1. Explain how each of the following is a form of price discrimination.? a. a student...
1. Explain how each of the following is a form of price discrimination.? a. a student discount at the movie theatre b. long-distance telephone service that costs 15 cents per minute for the first 10 minutes and 5 cents per minute after 10 minutes c. a senior citizens’ breakfast discount at a local restaurant. d. coupon discounts on laundry detergent 2.Evaluate the following statement regarding monopoly behaviour: “Since a monopoly firm is a price maker, it can charge whatever price...
1 pts Question 21 Which of the following is an example of third degree price discrimination?...
1 pts Question 21 Which of the following is an example of third degree price discrimination? None of these are third degree price discrimination A baseball stadium offers discounts to senior citizens A cable provider offers a package so customers can get cable and high-speed internet with a single subscription A car salesman can charge each customer exactly what he or she is willing to pay for the cars at his dealership 1 pts Question 22 Which of the following...
9. The logic of price discrimination Aa Aa Consider the market for airline tickets on Trans-America...
9. The logic of price discrimination Aa Aa Consider the market for airline tickets on Trans-America Airlines from Los Angeles to Philadelphia. The following graph shows the demand curve, marginal revenue (MR) curve, and marginal cost (MC) curve for this particular flight In particular, the cost of adding another passenger to an otherwise empty seat is constant at $80. For simplicity, assume throughout this question that there are no supply constraints owing to seating capacity and assume that there are...
Businesses can “price discriminate” by charging a higher price to buyers with more inelastic demand, and...
Businesses can “price discriminate” by charging a higher price to buyers with more inelastic demand, and a lower price to buyers with more elastic demand. Supermarkets and department stores do this with coupons, for example. Coupon-clippers have more-elastic demand, so they’re willing to spend time clipping coupons in order to get the lower price. People who are not eager to use coupons, on the other hand, have less-elastic demand and so they’re OK with paying the higher non-discounted prices. In...
a. First-degree price discrimination involves a firm charging different prices: based on the firm's ability to segment the market into two or more groups to each customer based on race, religion, or other individual characteristic based on the quantity of a good or service purchased. to each customer based on his or her willingness and ability to pay. b. Which of the following purchases is an example of first-degree price discrimination? A big-box store offering a discount for people who...
1 pts Question 21 Which of the following is an example of third degree price discrimination? None of these are third degree price discrimination A baseball stadium offers discounts to senior citizens A cable provider offers a package so customers can get cable and high-speed internet with a single subscription A car salesman can charge each customer exactly what he or she is willing to pay for the cars at his dealership 1 pts Question 22 Which of the following...
9. The logic of price discrimination Aa Aa Consider the market for airline tickets on Trans-America Airlines from Los Angeles to Philadelphia. The following graph shows the demand curve, marginal revenue (MR) curve, and marginal cost (MC) curve for this particular flight In particular, the cost of adding another passenger to an otherwise empty seat is constant at $80. For simplicity, assume throughout this question that there are no supply constraints owing to seating capacity and assume that there are...
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