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    Microeconomics Theory and Applications Study Set 2
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    Exam 12: Product Pricing With Monopoly Power
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    The Local Zoo Has a Pricing Policy in Which Senior
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The Local Zoo Has a Pricing Policy in Which Senior

Question 2

Question 2

Multiple Choice

The local zoo has a pricing policy in which senior citizens pay a lower price than younger adults.This policy is:


A) a form of perfect price discrimination.
B) a form of third-degree price discrimination.
C) certain to reduce total revenues for the zoo.
D) certain to reduce the number of visitors to the zoo.

Correct Answer:

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