A tennis pro charges $15 per hour for tennis lessons for children and $30 per hour for tennis lessons for adults. The tennis pro is practicing A) first-degree price discrimination. B) second-degree price discrimination. C) third-degree price discrimination. D) fourth-degree price discrimination. E) fifth-degree price discrimination.
Third degree price discrimination according to Investopedia.com occurs when companies price products and services differently based on the unique demographics of subsets of its consumer base, such as students, military personnel, or seniors.
