Price discrimination
A)Is illegal.
B)Rarely occurs in the airline industry.
C)Is a way for sellers to exact the maximum willingness to pay from buyers.

Question

Quizplus · Accepted Answer

Price discrimination is often used by sellers to charge different prices to different customers based on their willingness to pay. This allows the seller to extract the maximum value from each customer, ultimately increasing profits. While there may be certain laws or regulations around certain types of price discrimination, it is not illegal in general, and is in fact a common practice in many industries, including airlines.

Price Discrimination