Bubba's Hula Shack Bar and Bistro Has Begun Giving Customers

question 233

Multiple Choice

Bubba's Hula Shack bar and bistro has begun giving customers who can show proof that they arrived at the establishment by public transportation a 10 percent discount on their total bill.This is an example of

• A)arbitrage.
• B)two-part tariff pricing.
• C)price discrimination.
• D)odd pricing.

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Definitions:

Entrepreneurs

Individuals who start and operate their own businesses, taking on financial risk in the hope of profit.

Capitalist Economy

A Capitalist Economy is an economic system where private individuals and businesses own the means of production and operate for profit, with minimal government intervention.

Financial Risk

The possibility of losing money on an investment or business venture.