The WaveHouse on Mission Beach in San Diego Features the Bruticus

question 85

Multiple Choice

The WaveHouse on Mission Beach in San Diego features the Bruticus Maximus, a ten foot wave, which tests the skills of even the most talented surf and wake board riders on the planet. WaveHouse is the only place in San Diego where this service is offered. If you are a member of WaveHouse, you can ride for half the price that a non-member pays. This is an example of:

• A) Price discrimination among groups of buyers.
• B) Price discrimination among units of a good.
• C) Rent seeking behavior.
• D) Monopoly regulation.

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Definitions:

Staying The Same

Maintaining an unchanged state or position over a period of time.

Motivational Dynamics

The study of the forces and processes that drive individuals to behave in certain ways, often focusing on the interplay between different motivations.

Drive-Reduction Theory

A psychological theory that posits that motivation arises from the desire to reduce an uncomfortable state of tension caused by unmet needs.

Homeostasis

The method through which living beings maintain a steady and unchanging state by controlling their internal surroundings.