Which of the following statements is TRUE?
A) Successful price discrimination requires that younger people always pay more than older people.
B) Successful price discrimination requires that older people always pay more than younger people.
C) Price discrimination is a common practice.
D) Price discrimination is used by airlines and movie theaters infrequently.

Question

Quizplus · Accepted Answer

Price discrimination is a common practice used by many companies and industries. Option A and B are false statements since successful price discrimination does not always require a certain age group to pay more or less than another age group. Option D is also false since airlines and movie theaters are common examples of industries that use price discrimination.

Which of the Following Statements Is TRUE