Price discrimination
A) Is illegal.
B) Rarely occurs in the airline industry.
C) Is a way for sellers to exact the maximum willingness to pay from buyers.
D) Is a method used by sellers to pit one buyer against the other.

Question

Quizplus · Accepted Answer

Price discrimination is legal as long as it does not involve a protected group or violate antitrust laws. It is a way for sellers to charge different prices to different buyers based on their willingness to pay, allowing sellers to capture more revenue. It is not necessarily a method used to pit one buyer against the other. While price discrimination may occur in the airline industry, it is not rare but rather a common and well-known practice.

Price Discrimination