Economics (AS & A Level) · Oct / Nov 2024 · Paper 32 · Question 7
9708Differing objectives and policies of firms
A bus company has a monopoly and specialises in long-distance travel. It initially sells its tickets to customers one month in advance of the journey. As the departure date approaches, the price of a ticket increases. Which kind of pricing policy does the bus company operate?
- Aminimum pricing
- Bpredatory pricing
- Cprice discrimination
- Dprice leadership
As printed in the paper
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Correct answer: C. price discrimination
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