Which of the following would not be considered price discrimination?
Select one:
O a.
Senior citizens pay less for a movie.
Ob. Long distance telephone rates are cheaper late at night.
Oc. Airline fares are cheaper if you reserve several weeks in advance.
O d. The price of a brand-name prescription drug is higher than the price of a generic brand.
e. The price of lettuce is 59 cents a head and two for a dollar.

Question

10-06-2024
Business

Answered

Which of the following would not be considered price discrimination?
Select one:
O a.
Senior citizens pay less for a movie.
Ob. Long distance telephone rates are cheaper late at night.
Oc. Airline fares are cheaper if you reserve several weeks in advance.
O d. The price of a brand-name prescription drug is higher than the price of a generic brand.
e. The price of lettuce is 59 cents a head and two for a dollar.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-10T15:45:21-04:00

Final answer:

Price discrimination involves charging different prices based on willingness to pay. Offering cheaper airline fares for advanced reservations is not considered price discrimination.

Explanation:

Price discrimination occurs when consumers or groups are charged different prices for the same product or service, even if the cost of providing it is the same. An example of this would be charging different prices for the same product based on willingness to pay. In this context, airline fares being cheaper if reserved several weeks in advance would not be considered price discrimination as it's based on the timing of the purchase rather than the identity of the buyer.

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