Prescription drug retailers typically offer lowered prices for seniors in order to keep and maintain their loyalty. What is this practice called?

Question

Quizplus · Accepted Answer

This is called third degree price discrimination.
Key Takeaway: When producers and retailers offer different prices on the same goods to different customer segments, this is referred to as third degree price discrimination. Students, seniors, and military personnel may typically find themselves paying different prices for the same goods and services than individuals who are not in those categories.

Prescription Drug Retailers Typically Offer Lowered Prices for Seniors in Order