7/25/2023 0 Comments Illegal monopoly examples![]() Also, different age groups generally have different elasticities of demand. The popularity of age discounts is that it is relatively easy to segment the market (you just need to prove your age). ![]() For rail travel, people with railcards can get up to 33% off. students and OAPs often get discounts, such as 10% off. This is an example of indirect price discrimination because it is up to the consumer whether they get the cheaper price.Ī popular way to segment the market is by age category, e.g. A high-income consumer who is less price-sensitive will be unwilling to spend the time. ![]()
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