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alexgriva [62]
3 years ago
14

What is price discrimination and how do movie theaters and restaurants practice price discrimination?​

Business
1 answer:
marishachu [46]3 years ago
7 0
Price discrimination is the action of selling the same product at different prices to different buyers, in order to maximize sales and profits. Movie theaters practice it by giving discounts on certain night. Example: senior citizens discount. Restaurants practice price discrimination by menu pricing.
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<h3>What exactly is socioeconomic inequality?</h3>

Social inequality is defined as a scenario in which certain citizens of a country, a region, a section of the world, or both, are disparately or disadvantaged from others who are unfairly privileged. Logically speaking, it is the polar opposite of social equality.

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Answer:

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