Universities are engaging in price discrimination when they charge different levels of tuition to poor and wealthy students.

Question

Quizplus · Accepted Answer

Price discrimination refers to the practice of charging different prices to different groups of customers for the same product or service. In this case, universities can charge different levels of tuition to poor and wealthy students, which can be seen as a form of price discrimination as they are offering the same education but charging different prices based on the students' ability to pay.

Universities Are Engaging in Price Discrimination When They Charge Different