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Author Question: An article on how prices in South Bend, Indiana rise during Notre Dame home football games noted: ... (Read 48 times)

jayhills49

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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.


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sierramartinez

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jayhills49

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

 

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