Season tickets for sporting events are an example of
A. two-part tariff.
B. price discrimination.
C. bundling.
D. block pricing.
Answer: C
You might also like to view...
If income increases and the demand for bus rides decreases,
A) bus rides are a normal good. B) consumers are behaving irrationally. C) bus rides are an inferior good. D) bus rides are a substitute good. E) bus rides must be a complement good with some other good.
Some firms require consumers to pay an initial fee for the right to buy their product and an additional fee for each unit of the product they purchase. This practice is referred to as
A) dual pricing. B) odd pricing. C) a two-part tariff. D) intertemporal pricing.
Break-even quantity is a point where
a. the level of profit is maximized b. the level of cost is minimized c. Only variable costs are covered d. There are zero profits
A "specialist" is a
a. stockholder who finds buyers and sellers for specific stocks, but also operates outside of specific stock markets. b. person who works on the floor of the New York Stock Exchange and specializes in certain stocks. c. stockbroker who operates only in a particular regional stock market. d. stockbroker who specializes in the "third market."