Explain why firms practice the following price discrimination, and classify the types of price discrimination. a. A
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Explain why firms practice the following price discrimination, and classify the types of price discrimination.
a. A hotel charges walk-in customers a higher price than customers who book rooms in advance.
b. A supermarket is promoting a particular brand of canned food with a “buy two, get one free” offer.
c. Theaters charge a higher price during weekends and a lower price during weekdays for the same movie.
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