We Learned in This Chapter That There Are Laws Against

question 40

Essay

We learned in this chapter that there are laws against price discrimination.Yet,many firms openly engage in such practices.For instance,most hotel chains offer discounts to senior citizens that translate into prices that are about 10 percent lower than prices charged to other hotel guests.Why are such firms allowed to engage in such practices?

---

Definitions:

Egocentrism

The inability to differentiate between one's own viewpoint and that of others, often observed in early childhood development.

Conservation

The understanding that certain properties of objects or substances remain the same even when their appearances change, a concept crucial in cognitive development.

Preconventional Level

Refers to the first level in Kohlberg's stages of moral development, characterized by an individual's moral reasoning that is based largely on external consequences and rewards.

Moral Development

The process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, laws, and rules.