(Choose 1 answer)
(17523) During the holiday season, high-end retailers frequently place a high price on merchandise on weekends and discount the price during the week. They do this because they believe that two groups of customers exist: shoppers with little free time and bargain hunters. Bargain hunters have time to shop around and frequently shop during the week. What do economists call this price strategy used by high-end retailers?
A. oligopoly
B. price discrimination
C. compensating differential
D. in-kind transfers
Finish
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