CollegeCuts is a barbershop in a college town. The shop charges $20 for a haircut, but charges a $15 price to students who present their student ID at the barbershop. Which of the following is true about this situation? Group of answer choices CollegeCuts must not have any nearby competitors to make this pricing scheme successful. This pricing scheme will not work in the long run as students will resell haircuts to other people. CollegeCuts believes that college students have a more elastic demand for haircuts than the general public. This is not price discrimination, since there are higher costs involved with cutting non-student hair compared to student hair