When a Movie Theater Charges a Higher Price During the Evening

question 21

Multiple Choice

When a movie theater charges a higher price during the evening than during the day,it is practicing:

• A) peak load pricing.
• B) first-degree price discrimination.
• C) second-degree price discrimination.
• D) third-degree price discrimination
• E) fourth-degree price discrimination.

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Definitions:

Equitable Remedy

A judicial order enforcing a party to act or refrain from acting in a certain way, distinct from awarding damages.

Material And Willful

Refers to an action done intentionally and with a solid understanding of its consequences, often used in legal contexts to describe behavior.

Status Quo

The existing state of affairs or current condition, typically used in context with agreements or legal situations.

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, even though no contract exists between the parties.