Ask Question
BusinessBusiness
12 March, 17:16

Which of the following is not an example of price discrimination by the only movie theater in town?

A. Charging a lower price for children under the age of twelve

B. Charging a lower price for matinees

C. Charging a lower price for people over the age of 65

D. Charging one price at all times for all customers

+5
Answers (1)
  1. 12 March, 19:42
    0
    Answer: Charging one price at all times for all customers (D)

    Explanation:

    Price discrimination is a pricing strategy where identical or similar goods or services are sold at different prices by the same producer to the customers. In price discrimination, companies charge customer different prices based on the willingness and ability of the customers to pay.

    This can be seen on cinemas as people are charged different prices and airline companies. In the question above, charging a lower price for children, matinees and people over 65years are price discrimination. For price discrimination not to exist, everyone must pay the same price for enjoying similar good or service.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following is not an example of price discrimination by the only movie theater in town? A. Charging a lower price for children ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in California.
Answers (1)
A manager should attempt to maximize the value of the firm by changing the capital structure if and only if the value of the firm increases: A. as a result of the change. B. to the sole benefit of the managers. C.
Answers (1)
Weary and weeping I roamed the glen shows what poetic technique?
Answers (1)
A successful market economy requires A) A government-controlled banking system and government price controls. B) Well-defined property rights and an independent court system to adjudicate disputes based on the law.
Answers (1)
You want to endow a scholarship that will pay $ 5 000 per year forever, starting one year from now. If the school's endowment discount rate is 10 % , what amount must you donate to endow the scholarship?
Answers (1)
New Questions in Business
True or false: people in business get ahead by meeting the needs of their consumers. as a result, both businesses and customers benefit from voluntary exchange.
Answers (1)
Jim and kathy have a contract with a term that is not clear. kathy and jim both have a different interpretation of the contract. if kathy wrote the contract, a court will
Answers (1)
What is a great marketing strategy
Answers (2)
On January 1, 20X8, Package Company acquired 80 percent of Stamp Company's common stock for $280,000 cash.
Answers (1)
Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred.
Answers (1)
Home » Business » Which of the following is not an example of price discrimination by the only movie theater in town? A. Charging a lower price for children under the age of twelve B. Charging a lower price for matinees C.
Sign Up Forgot Password?