SSC
GENERAL ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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predatory pricing
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price discrimination
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fringe benefits
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non-price competition
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Detailed explanation-1: -Age discounts: age discounts are a form of price discrimination where the price of a good or admission to an event is based on age. Age discounts are usually broken down by child, student, adult, and senior. In some cases, children under a certain age are given free admission or eat for free.
Detailed explanation-2: -Third-Degree Discrimination: Special Prices for Special Groups. Third-degree pricing programs offer special discounts to members of certain groups, such as students, seniors or military personnel.
Detailed explanation-3: -THE FIRST-DEGREE PRICE DISCRIMINATION In the first degree, you allow customers to pay for the product as much as they want. A textbook example of first-degree price discrimination is eBay. Customers are bidding on product prices, and the more they are willing to pay, the higher the final cost of the product is.