11. With first-degree price discrimination, the firm tries to price each unit at the consumer's reservation price while with third-degree price discrimination, the firm charges different prices to different consumer groups or market segments.

2. With uniform pricing firms charge the same price for the same good or service and with price discrimination, the firms charge different prices for different goods or services.

3. Different prices are charged to different customers at a flea market is an example of third-degree price discrimination.

A.Statements 1, 2, and 3 are correct.

B.Statements 1, 2, and 3 are not correct.

C.Statements 1 and 2 are correct. Statement 3 is not correct.

D.Statements 1 is correct. Statements 2 and 3 are not correct.

E.Statements 1 and 3 are correct. Statement 2 is not correct.

2Which of the following are true? More than one option may be correct.

A.

When movie theaters offer lower ticket prices to senior citizens, they are engaging in third-degree price discrimination.

B.

When restaurants allow children to eat for a reduced rate the restaurant would be engaging in third-degree price discrimination.

C.

Disney offers discounts for residents of California, and for members of the U.S. Military. These are examples of third-degree price discrimination.

D.

When restaurants allow children to eat for a reduced rate the restaurant would be engaging in second-degree price discrimination.

E. When movie theaters offer lower ticket prices to senior citizens, they are engaging in second-degree price discrimination with two blocks.