Which of the following is NOT an example of price discrimination?
A) Gasoline stations charge more for gasoline with higher octane and additional additives.
B) Colleges give some students more financial aid than they do other students.
C) Airlines charge more for people who don't stay over a Saturday night.
D) College bookstore gives a price discount to faculty.
Answer: A
You might also like to view...
Suppose a country's net exports equal 0. If the volume of imports increases without any change in the volume of exports, the country will experience a ________
A) trade deficit B) budget deficit C) trade surplus D) budget surplus
Under the Bretton Woods system, the World Trade Organization (WTO) provided foreign currency loans to central banks and approved adjustments to the agreed upon fixed exchange rates
Indicate whether the statement is true or false
What is one of the most important advantages of a free market?
What will be an ideal response?
Which is the best example of a firm's implicit costs?
A) wages B) the opportunity cost of owner-provided labor C) rent D) taxes