The discount offered to students who buy the hot dog is an example of price discrimination.
Price discrimination is when the same product is sold at different prices to customers in different markets
Third degree price discrimination is when a firm charge different prices to different groups of customers. e.g. having a certain price for senior citizens, students
Here is the complete question:
Located on a college campus, Howie's Hot Dog Hut charges $3.99 for its deluxe dog basket. However, students receive a 10 percent discount off the price for showing their student ID. This is an example of
Multiple Choice
predatory pricing.
price fixing.
price inflation.
price discrimination.
deceptive pricing
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