It is frequently observed that when a city is located next t

It is frequently observed that when a city is located next to a major highway, gas stations located close to the highway charge higher prices than gas stations located farther away. This is an example of:

first-degree price discrimination.


second-degree price discrimination.


third-degree price discrimination.


illegal price discrimination.

Solution

third-degree price discrimination

It is frequently observed that when a city is located next to a major highway, gas stations located close to the highway charge higher prices than gas stations

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