Today, Walt Disney World charges different customers different prices for admission, even though the differences in prices are not due to differences in costs.This pricing strategy is called
A)arbitrage.
B)odd pricing.
C)cost-price pricing.
D)price discrimination.

Question

Quizplus · Accepted Answer

The pricing strategy of charging different prices to different customers even when the costs are the same is known as price discrimination. In this case, Walt Disney World is using price discrimination by charging different prices based on factors such as age, residency, and time of year.

Today, Walt Disney World Charges Different Customers Different Prices for Admission