Price discrimination explains why Ivy League universities often base tuition costs on students'
A)age.
B)financial resources.
C)high school GPA.
D)gender.

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different customers for the same product or service. Ivy League universities often use financial resources as a basis for tuition costs, with wealthier students being charged higher tuition rates. This helps the universities maximize revenue while still maintaining diversity in their student body. Age, high school GPA, and gender are not commonly used as a basis for tuition costs.

Price Discrimination Explains Why Ivy League Universities Often Base Tuition