Which of the following is not an example of price discrimination?Group of answer choicesAn ice cream parlor charges a higher price for ice cream than for sherbet.A university rebates part of the cost of tuition in the form of financial aid for economically marginalized students.A movie theater charges a lower price for a child's ticket than for an adult's ticket.A local pizza chain offers a "buy three get one free" deal.

Which of the following is an example of second-degree price discrimination? Group of answer choicesa theatre that offers lower prices for seniorsan electricity company that offers lower prices for new customersa gym that charges everybody the same membership and per visit feesan airline company that offers a special discount to international students who fly from Shanghai to Sydneynone of the other answers

If consumers are identical, thenGroup of answer choicesprice discrimination is impossible.price discrimination can occur if each consumer has a downward-sloping demand curve for the product.perfect price discrimination is the only form of price discrimination that can increase a monopoly's profit.bundling can increase a monopoly's profit.

Fill in the Blank QuestionFill in the blank question.As an example of price discrimination, airlines charge higher fares to business travelers whose demand for travel is and offer lower, more restricted fares to vacationers and others with more demand.

A firm charges different groups of customers different prices in order tomultiple choiceincrease revenue but not profit. Higher holiday airfares are an example of this type of pricing.increase revenue and cost. Senior citizen discounts are an example of this type of pricing.decrease cost and increase profit. Student discounts are an example of this type of pricing.increase revenue and profit. Lower afternoon movie prices are an example of this type of pricing.

________ is simply a form of price discrimination.  Answer choicesSelect only one optionREVISITGoing rate pricingPsychological PricingDifferential pricingPremium pricing