Post a photo that demonstrates an example of price discrimination in real life.

Provide any necessary context and explain how the photo documents the occurrence of price discrimination. In addition, explain the following:

1. What is one possible reason why competitors this market have not undercut the "higher" price(s) charged by this seller?

2. Who would benefit and who would lose from a prohibition on price discrimination in this market? Would you be in favor of such a regulation?

Note

Please answer according to the following categories.

• The photo is clear and depicts an example of price discrimination (given any added context).
• The explanation demonstrates a firm understanding of the concept of price discrimination.