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All of the following are examples of price discrimination EXCEPT A) lower ticket prices for matinee performances
All of the following are examples of price discrimination EXCEPT A) lower ticket prices for matinee performances. B) buy-one-get-one-free offers. C) "early bird specials" at a restaurant. Dl "bun now. nay later" payment ontions
Expert Solution
Answer
D )
Explanation
Price discrimination occurs when identical goods or services are sold at different prices from the same provider. There are three types of price discrimination - first-degree, second-degree, and third-degree price discrimination. Lower ticket price for matinee performance, "Early bird specials" at a restaurants, Buy one get one free offer are some examples of price discrimination. While Buy now, pay later options is not an example of price discrimination.
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