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Why Do Price Discriminating Firms Often Offer Lower Prices to Children

Question 331

Multiple Choice

Why do price discriminating firms often offer lower prices to children and the elderly?


A) They have a lower willingness to pay than other consumers.
B) Their demand for goods and services tends to be less elastic than other consumers.
C) Such a strategy lowers the costs of the firm.
D) These firms are more interested in equity than profit maximizing.

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