Which of the Following Is NOT an Example of Price

question 82

Multiple Choice

Which of the following is NOT an example of price discrimination?

• A) children's menus in restaurants
• B) peak and nonpeak rates for cell phone usage
• C) product innovations leading to lower prices
• D) standby seats sold at the last minute by airlines

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Definitions:

Positive Production Externality

A situation where the production of a good or service results in beneficial effects for other people or entities that were not involved in the transaction.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be consumed by anyone without reducing its availability to others.

Marginal Revenue

The additional revenue generated from selling one more unit of a good or service.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.