Multiple Choice
Which of the following is the closest example of block pricing?
A) An airline providing discounts to its frequent-flyers as they fly more
B) At an auction of antique furniture,each piece of furniture is sold to the highest bidder
C) A golf-club imposing a very high entry fee to reduce membership requests
D) An electric utility charging higher rates to the customers in the summer season than in the winter season
Correct Answer:
Verified
Correct Answer:
Verified
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