Some business owners or service providers offer lower prices to lower income individuals. For example, some dentists offer their services at lower prices to lower income patients.  These sliding fees are often explained as a charitable gesture.  Could the sliding fees also be a profit-maximizing strategy?    Does the type of pricing in part 1 make consumers better off? Explain carefully.

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Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”