Of the following, the most likely example of price discrimination is when:
A) a firm sells different shoes for different prices.
B) hotels charge different rates for the same rooms when conventions are held.
C) restaurants charge different prices for chicken and beef.
D) supermarkets charge different prices for oranges and apples.

Question

Quizplus · Accepted Answer

Price discrimination occurs when a firm charges different prices for the same product or service based on certain conditions or customer segments. In this case, hotels charging different rates for the same rooms during conventions is an example of price discrimination, as the price difference is based on the timing and demand conditions, not the product itself.

Of the Following, the Most Likely Example of Price Discrimination