Airlines Have First-Class or Business-Class Seating,for Which Customers Pay a Higher

question 118

Multiple Choice

Airlines have first-class or business-class seating,for which customers pay a higher price to receive more room,extra amenities,and more attentive service.Would this illustrate price discrimination?

• A) No,because first-class and economy-class tickets represent two entirely different products.
• B) No,because there is no additional value in purchasing a first-class ticket.
• C) Yes,because airlines are able to charge different prices to customers seeking an improved flying experience.
• D) Yes.Since wealthy travelers are the only individuals who can afford first-class travel,the airline is able to set pricing based on their increased ability to pay.
• E) Maybe.It is price discrimination only if no other airline offers first-class tickets for that travel route.

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Ingredients or products mixed with alcoholic or non-alcoholic drinks to enhance flavor, such as tonics, sodas, or juices.

Idle Time

Periods when resources such as machinery or labor are available but not in use, often leading to inefficiencies and increased costs.

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