Question
For each of the following examples, identify which pricing strategy is being implemented. Defend your choice with an explanation. (a) A musical theatre charges different
For each of the following examples, identify which pricing strategy is being implemented. Defend your choice with an explanation.
(a) A musical theatre charges different admission rates based on age. It charges $50 for adults (ages 18 - 64), $25 to seniors (ages 65 and older), and $20 to children (ages 18 and under).
(b) Last year, Dave's Dinner charged $10 for hamburgers and $5 for French fries. This year, Dave's Dinner is offering a basket with one of each for $13.
(c) The University Bookstore sells a Redhawk Trucker Hat for $30. However, if you purchase two of these hats, the price would be $20 per hat.
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