An Example of Price Discrimination Is When

question 83

Multiple Choice

An example of price discrimination is when

• A) movie theaters do not allow children into R-rated movies without a parent or guardian.
• B) you can purchase a new PC for half the price of a new Mac,even though they are both computers.
• C) Procter & Gamble charges $9 for a bottle of Tide laundry detergent,while the store brand costs the consumer significantly less,despite being somewhat similar products.
• D) out-of-state students pay more for the same education as in-state students.
• E) a grocery store charges $3.00 for a box of Froot Loops on Tuesday,but charges $2.80 for a box of Froot Loops on Wednesday.

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Definitions:

Social Psychology

The scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the role of situational factors.

Personal Dispositions

Character traits or tendencies that influence how an individual responds to situations or expresses their personality.

Situational Influences

External factors or circumstances that affect an individual's decisions, behavior, and emotions.