Which of the Following Is Not an Example of Price

question 89

Multiple Choice

Which of the following is not an example of price discrimination by the only movie theater in town?

• A)Charging a lower price for children under the age of 12.
• B)Charging a lower price for matinees.
• C)Charging a lower price for people over the age of 65.
• D)Charging one price at all times for all customers.

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Definitions:

Assumes Liability

The act of taking on legal responsibility or debt from another party, often occurring in business acquisitions or financial agreements.

Amount Realized

The total sum received from a transaction, including money and the fair market value of any property or services received, before subtracting any costs.

Holding Period

The duration of time an investor holds onto an asset or investment before selling it.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.