Park and Fly,a chain that operates off-terminal parking lots near major airports in several U.S.cities,has a "frequent-parker" program that offers customers a week's free parking after they have paid for 35 days.Which of the following types of price discrimination is the company practicing?
A)Perfect price discrimination
B)Predatory pricing
C)Third-degree price discrimination
D)Block pricing

Question

Quizplus · Accepted Answer

Block pricing offers goods or services at different prices based on the quantity consumed, such as offering a week's free parking after a customer has paid for a certain number of days, which incentivizes bulk purchases or usage.

Park and Fly,a Chain That Operates Off-Terminal Parking Lots near Major