Oligopolists often use price discrimination to increase economic profit. Which of the following is not considered to be price discrimination?
A) discount admission for children to Disneyland
B) senior citizen's bus discounts
C) student rates for movie tickets
D) "men only" clubs
E) paperback and hardcover books

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different consumers or groups of consumers for the same or similar product, based on their willingness or ability to pay. "Men only" clubs do not involve changing prices based on consumer characteristics but rather restrict access based on gender, which does not fit the definition of price discrimination.

Oligopolists Often Use Price Discrimination to Increase Economic Profit