In 1994, the Walt Disney Corporation ran a special promotion on tickets to Disneyland. Residents of southern California who lived near the amusement park were offered admission at the special price of $22
Other visitors to Disneyland were charged about $30. This practice is an example of: A) collusion.
B) price discrimination.
C) two-part tariff.
D) bundling.
E) tying.
B
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a. decreasing marginal costs b. increasing marginal costs c. decreasing average costs d. decreasing total costs
For a typical consumer, indifference curves can intersect if they satisfy the property of transitivity
a. True b. False Indicate whether the statement is true or false
Data on unemployment indicate that most people who become unemployed will soon find jobs
a. True b. False Indicate whether the statement is true or false
The value of a country's currency declines when it implements policies that restrict trade. The primary factor affecting the change in value of the currency in this situation is
A. cultural differences. B. civil unrest. C. demographics. D. isolationism.