Which form of price discrimination is more commonly met in our daily lives?
A)two- part tariffs
B)perfect price discrimination
C)ordinary price discrimination
D)block pricing

Question

Quizplus · Accepted Answer

Ordinary price discrimination is more commonly met in our daily lives. This is because firms typically charge different prices based on factors such as age, income, location, and willingness to pay. For example, movie theaters often offer discounted tickets for children, seniors, and students. This type of price discrimination is more prevalent than perfect price discrimination, which involves charging each individual their maximum willingness to pay. Two-part tariffs and block pricing are less common forms of price discrimination.

Which Form of Price Discrimination Is More Commonly Met in Our