Statement I.The airlines often engage in price discrimination.
Statement II.Price discrimination occurs when a seller charges two or more prices for the same good or service.

Question

Quizplus · Accepted Answer

Both statements are true. Price discrimination is the practice of charging different prices to different customers for the same product. Airlines often engage in this practice by offering different prices for the same seat depending on when and how the customer books, as well as other factors such as loyalty programs and discounts.

Statement I.The Airlines Often Engage in Price Discrimination