An article on how prices in South Bend, Indiana rise during Notre Dame home football games noted: For the Sept. 16 game against the University of Michigan, the South Bend Marriott is charging 649 a night for a double room....
The Marriott's regular weekend price is 149 a night.
Which of the following statements is true?
A) The Marriott has adopted this pricing strategy to capitalize on arbitrage profits.
B) There is no evidence of price discrimination; the Marriott is responding to increased demand for hotel rooms in the face of constant supply.
C) The Marriott is practicing first-degree price discrimination by charging what the market will bear.
D) This is evidence of third-degree price discrimination because hotel accommodation on a particular day is not a product that can be resold later.
Question 2
GDP in a country grew from 10 billion to 14 billion over the span of 5 years. The average annual growth rate of GDP was
A) 4. B) 7. C) 10. D) 40.
White Lion cub at Kromdraai, South Africa
Penguin, South Georgia Island
Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ...
Food, friends, and football . . . a way of life
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