A certain amusement park offers a 50 percent discount to kids between the ages of 8 and 14 years. This is an example of:
A) shadow pricing.
B) first-degree price discrimination.
C) third-degree price discrimination.
D) second-degree price discrimination.
C
You might also like to view...
A fully funded plan requires
A. you to pay for your dinner as you go to the table to eat. B. current working citizens to pay for current retired citizens. C. no taxes since current workers pay for current retirees. D. retirees to be paid from accounts that have accumulated with interest over their working lives.
An individual with no deductible on his or her health insurance policy will tend to engage in a lifestyle that is less healthy than a person with a $2,000 insurance deductible. This is said to be a problem of
A) healthy selection. B) moral hazard. C) wellness training. D) blue-zoning.
The prisoner's dilemma is a game in which the gains from cooperation are smaller than the rewards from pursuing self-interest
a. True b. False Indicate whether the statement is true or false
The international oil price hike by OPEC was an adverse supply shock faced by the United States in the 1970s.
a. true b. false