Which of These Is an Example of Third-Degree Price Discrimination

question 128

Multiple Choice

Which of these is an example of third-degree price discrimination?

• A) charging airline business passengers and leisure travelers different prices
• B) charging block rates on utilities
• C) charging different prices to consumers at a flea market
• D) charging different prices at a used car dealership

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Definitions:

Employee Benefits

Forms of non-wage compensation provided to employees in addition to their normal wages or salaries, such as health insurance, paid vacation, and retirement plans.

Reward System

A structured plan designed to motivate and incentivize individuals or teams by recognizing and rewarding their achievements and contributions.

Social Learning Theory

A theory that posits individuals learn new behaviors and attitudes through observation and imitation of others within a social context.

Sports Psychology

A discipline that studies how psychological factors influence sports, athletic performance, exercise, and physical activity.