Multiple Choice
Which of the following is not a real-world example of third-degree price discrimination?
A) A railroad charges more to haul 100 tons of coal than it does to haul 100 tons of grain.
B) An airline charges a lower price for a coach ticket purchased four weeks in advance than for the same type of ticket purchased three days in advance.
C) A movie theater charges senior citizens a cheaper price for movie tickets than it charges non-senior citizens for the same movie ticket.
D) Sam's Club® warehouses sell bulk quantities of macaroni and cheese for a cheaper per unit price than a grocery store, but the boxes are packaged together so that the customer must buy six boxes at a time.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Consider price discrimination. The firm must be
Q6: When a firm engages in _, every
Q7: An example of second-degree price discrimination is:<br>A)when
Q8: You own a small bookstore. You have
Q9: You own a small bookstore. You
Q11: Which of the following is a real-world
Q12: Consider price discrimination. In order to capture
Q13: Which of the following statements regarding a
Q14: Third-degree price discrimination is illegal.
Q15: The reason that profit-maximizing firms willingly incur