(Consider This) Children Are Charged Less Than Adults for Admission

question 110

Multiple Choice

(Consider This) Children are charged less than adults for admission to professional baseball games but are charged the same prices as adults at the concession stands.Which of the following conditions of price discrimination explains why this occurs?

• A)The seller must have some monopoly power; that is, it must be able to set the product price.
• B)The seller must be able to identify buyers by group characteristics such as age or income.
• C)Groups must have different elasticities of demand for the product.
• D)The items can be bought by people in the low-price group and transferred to members of the high-price group.

---

Definitions:

Strict-Liability Tort

A civil wrong that occurs when a defendant takes an action that is inherently dangerous and cannot ever be undertaken safely, no matter what precautions the defendant takes. The defendant is liable for the plaintiff’s damages without any requirement that the plaintiff prove that the defendant was negligent.

Intention

The state of having a purpose or plan in mind when doing something.

Tort Law

The area of law that addresses harm or loss resulting from actions that are not contractual, leading to civil legal liabilities.

Civil Action

A legal proceeding in which one party sues another for the redress of a private grievance, involving non-criminal matters.