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Karo-lina-s [1.5K]
1 year ago
14

When museums charge a lower admission fee to students and senior citizens, this form of price discrimination is known as _______

_ pricing.
Business
1 answer:
azamat1 year ago
6 0

When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as <u>third degree price discrimination</u>.

<h3>What is a third degree price discrimination?</h3>

This refers to the price discrimination that occurs when a company charges a different price to different consumer groups.

Hence, this is observed when the museums charge a lower admission fee to students and senior citizens but a normal charge is given for other set of people.

Read more about price discrimination

brainly.com/question/12380932

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So checking the product at the last stage is counter-productive.

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Answer:

<h2>The journal entry is shown below:</h2>

Explanation:

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liquidity premium theory

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