McDonald's restaurant located near the high school offered a Tuesday special for high school students. If high school students showed their student ID cards, they would be given 50 cents off any medium combination meal. This practice is an example of:

Question

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This is an example of price discrimination because McDonald's is offering a discount to a specific group of customers (high school students with ID cards) based on their willingness to pay.

McDonald's Restaurant Located near the High School Offered a Tuesday