Asked by Austin Parker on Jul 08, 2024
Verified
Which statement is NOT an example of price discrimination?
A) Students receive a discount at the ice cream store when they show their college ID cards.
B) Women receive free admission to a nightclub,while men must pay a cover charge.
C) A country club requires members to pay annual dues,but members receive discounted prices to golf (relative to nonmembers) .
D) Street vendors increase the price of umbrellas when it is raining.
Price Discrimination
A pricing strategy where a firm sells the same product at different prices to different groups of consumers, based on their willingness to pay, without any differences in production cost.
College ID Cards
Identification cards issued by colleges or universities to students, faculty, and staff to access campus facilities and services.
Ice Cream Store
A retail shop specializing in selling ice cream and related desserts.
- Discern examples of both perfect and imperfect price discrimination in diverse environments.
Verified Answer
Learning Objectives
- Discern examples of both perfect and imperfect price discrimination in diverse environments.
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