Recall the Application about Radiohead letting each consumer decide how much to pay for its album, In Rainbow, to answer the following question(s).
-Recall the Application. What was the mechanism used by Radiohead to distinguish the groups who are willing to pay more from the groups who are willing to pay less?
A)Voluntary pricing; those who are willing to pay a lot will voluntarily pay a lot.
B)Income; those who have high income pay more.
C)Age; older individuals pay less.
D)Age; older individuals pay more.

Question

Quizplus · Accepted Answer

Radiohead used a voluntary pricing mechanism, allowing consumers to choose how much they wanted to pay for the album, which helped distinguish between those willing to pay more and those willing to pay less.

Recall the Application About Radiohead Letting Each Consumer Decide How