Which of the Following Is an Example of Price Discrimination

question 148

Multiple Choice

Which of the following is an example of price discrimination?

• A) You pay less for a movie ticket if you show your student ID.
• B) Business travelers pay more for airline tickets.
• C) Faculty members pay less for computers they order on Apple's Web site.
• D) All of the answers are correct.

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Definitions:

First Contract Settlement

The initial agreement reached between a newly unionized employer and the union, setting the precedent for future negotiations.

New Public Management

An approach towards public administration that emphasizes efficiency, decentralization, and the adoption of private sector management practices within the public sector.

Free Market Ideas

Economic principles that advocate for minimal government intervention in the marketplace, allowing the forces of supply and demand to determine prices and production.

Private-Sector Management

Management practices and principles used in private businesses, focusing on efficiency, profitability, and market competition.