In the final 30 minutes prior to the start of a show, a university auditorium offers discounted tickets to students. here is an illustration of: peak-load pricing, or price discrimination.
In other words, peak load pricing is the high cost incurred when there is a lot of demand. A business bases its judgments on criteria like high usage, high traffic, high demand periods, and low demand periods in this type of efficiency-based price discrimination.
What type of price discrimination does peak load pricing represent?
Peak-load pricing is another form of intertemporal price discrimination. During certain hours, such as during commuter rush hours for highways and tunnels, late summer afternoons for power, and weekends for ski resorts and amusement parks, demand peaks for particular goods and services.
To know more about : Price discrimination or peak-load pricing.
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