Airlines Require Every Passenger with a Ticket to Have a Matching,government-Issued

question 61

Multiple Choice

Airlines require every passenger with a ticket to have a matching,government-issued photo identification.Price discrimination is made easier because

• A) this practice prevents a passenger who purchased a discounted fare from reselling that ticket to another customer who is willing to pay more.
• B) this practice allows airlines to determine the different personal characteristics of their buyers at a zero cost.
• C) this type of price discrimination is mandated and supported by the federal government.
• D) customers acknowledge that they are exchanging higher ticket prices for decreased safety regulations.
• E) customers are then willing to divulge relevant information to the airline about their reservation price.

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Definitions:

Licensing

The act of granting rights by one party to another to use intellectual property such as patents, trademarks, or technology under agreed terms and conditions.

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New Products

Items or services introduced into the market that offer novel features or benefits, distinct from existing offerings.

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The process of dismantling and examining a competitor’s product to understand its design, components, and functionality.