Which Would Be an Example of Perfect Price Discrimination

question 56

Multiple Choice

Which would be an example of perfect price discrimination?

• A)When movies charge different prices at different times
• B)When airlines charge different prices for seats on the same flight
• C)When doctors charge rich and poor patients different prices for the same medical services
• D)None of the choices are examples of price discrimination.

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Definitions:

Deposit In Transit

Funds that have been sent to a bank but have not yet been processed and added to the account balance.

Note Collected

The action of receiving payment or settling a promissory note, where one party pays the amount owed to another.

Bank Service Charges

Fees charged by a bank for the handling of accounts, provision of services, or the execution of transactions.

Journal Entries

The basic method of recording financial transactions in the accounts of a business using a double-entry bookkeeping system.