True or False QuestionTrue or false: Price discrimination is not practiced very often in the US economy.True false question.TrueFalse

True or False Question Analysis

1. Understanding Price Discrimination: Price discrimination occurs when a seller charges different prices to different consumers for the same good or service, based on factors such as willingness to pay, age, or quantity purchased, rather than differences in the cost of production.

2. Market Examples: In the U.S. economy, various forms of price discrimination are indeed prevalent. Common examples include discounts for students or seniors, airline pricing based on booking time, and variations in pricing based on location or demand.

3. Conclusion: Given the widespread occurrence of various pricing strategies across different sectors, the assertion that price discrimination is not practiced very often in the U.S. economy is misleading.

Final Answer

False: Price discrimination is practiced quite frequently in the U.S. economy across various industries.