Which of the Following Is an Example of Price Discrimination

question 373

Multiple Choice

Which of the following is an example of price discrimination?

• A)Nabisco provides cents-off coupons for its products.
• B)Amtrak offers a lower price for weekend travel compared to weekday rates on the same routes.
• C)Hotel rates for AAA members are lower than for nonmembers.
• D)All of the above are correct.

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Definitions:

Sum

The result of adding two or more numbers or quantities.

Binomial Theorem

A fundamental theorem in algebra that describes the algebraic expansion of powers of a binomial. According to the theorem, it's possible to expand the polynomial u200b\( (a + b)^n \)u200b into a sum involving terms of the form u200b\( a^k b^{n-k} \)u200b.

Expand

In mathematics, to rewrite an expression or equation in an extended form by distributing or multiplying out brackets.

Pascal's Triangle

A triangular array of numbers in which the edges are 1's, and each interior number is the sum of the two numbers directly above it.