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Why do price discriminating firms often offer lower prices to children and elderly?

apadong

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6 years ago

Why do price discriminating firms often offer lower prices to children and elderly?

Why do price discriminating firms often offer lower prices to children and elderly?
A) These firms are more interested in equity than profit maximizing.
B) Such a strategy lowers the costs of the firm.
C) Their demand for goods and services tends to be less elastic than other consumers.
D) They have a lower willingness to pay than other consumers.

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goldlilys

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