Discounts extended to children and senior citizens by movie theatres are examples of

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Discounts extended to children and senior citizens are examples of imperfect price discrimination, where the theatre is able to charge different prices to different groups of customers based on their willingness and ability to pay. This is because children and seniors may have a lower willingness or ability to pay full price for a movie ticket, so the theatre offers a discounted rate to attract this demographic. However, this is not perfect price discrimination because if it were, the theatre would charge each individual the maximum price they are willing to pay, which is not the case with these discounts.

Discounts Extended to Children and Senior Citizens by Movie Theatres