Which of the following is a good example of a seller practicing Partial Price Discrimination? Select one: a. A car dealership individually negotiates with each new car buyer to arrive at the price that buyer will pay. b. An airline charges a higher price to travelers flying longer distances, and a lower price to those flying shorter distances. c. A house is sold to the buyer who offered the highest price when other potential buyers offered lower prices. d. An airline charges business travelers a higher price than tourist travelers for seats on the same flight.

Which of the following is a good example of a seller practicing Partial Price Discrimination? Select one: a. A car dealership individually negotiates with each new car buyer to arrive at the price that buyer will pay. b. An airline charges a higher price to travelers flying longer distances, and a lower price to those flying shorter distances. c. A house is sold to the buyer who offered the highest price when other potential buyers offered lower prices. d. An airline charges business travelers a higher price than tourist travelers for seats on the same flight.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter13: Monopoly And Antitrust

Section: Chapter Questions

Problem 13P

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