Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Many stores, restaurants, and theaters offer discounts for college students who show their school ID. Why are these discounts for college students effective price discrimination,

Many stores, restaurants, and theaters offer discounts for college students who show their school ID.

Why are these discounts for college students effective price discrimination, and why would this benefit firms?

Choose one or more:

A.These goods are often consumed at the point of sale, which makes resale difficult.

B.College students have a higher sensitivity to price than other adults do.

C.College students often buy goods that no one else buys.

D.College students are an easily identifiable group as they can prove their status with their student ID.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Valuation The Art and Science of Corporate Investment Decisions

Authors: Sheridan Titman, John D. Martin

3rd edition

133479528, 978-0133479522

Students also viewed these Economics questions

Question

What is the formula used for computing BIC?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago