Until the early 1980s, The Walt Disney Company used a pricing strategy in which visitors to its theme parks paid a low admission fee and also paid for rides. This pricing strategy is an example of
A) a two-part tariff. B) perfect price discrimination.
C) cost-plus pricing. D) monopoly pricing.
A
You might also like to view...
What are the two components of federal spending?
What will be an ideal response?
A firm pays $50,000 for a machine that is used in production for one year, after which it is sold for $40,000 to another firm. The $10,000 difference is
A) an explicit cost of production. B) economic depreciation, an implicit cost of production. C) normal profit. D) not counted as an economic cost of production. E) not an opportunity cost because it is not actually paid.
If you observe me choosing bundle A over bundle B on Monday, bundle B over bundle C on Tuesday and bundle C over bundle A on Wednesday, it must be that my tastes violate transitivity.
Answer the following statement true (T) or false (F)
The prescription drug benefit plan was added to Medicare
A. 2006. B. 1996. C. 1965. D. 1944.