When a theme park sells a one-day adult pass for $110 and a two-day adult pass for $180, and a one-day child pass for $90 and a two-day child pass for $150, the theme park is engaging in

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Second-degree price discrimination is when prices vary according to the quantity consumed or the form of the product, such as offering discounts for buying in bulk or for different versions of a product (e.g., one-day vs. two-day passes). Third-degree price discrimination involves charging different prices to different demographic groups, such as adults and children. This scenario does not involve first-degree price discrimination, where prices are personalized for individual consumers.

When a Theme Park Sells a One-Day Adult Pass for $110