Consumer Discounts Although It May Term Paper

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When traveling by rail and most of the consumers lack a certain element of choice, except for the discounted groups, thus the non-discounted groups are unlikely to protest that they are being taken advantage of by the rail road, because they have no choice to travel other than during peak hours. However, other companies that lack such monopoly power, such as restaurants, also offer special meals at lower prices for seniors. In the case of the food industry there is a great deal of arbitrage on the consumer's part, as many other options exist that are cheaper, if not necessarily more desirable than restaurant dining.

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In the case of discounts offered to special groups by non-monopolized industries, the fact that seniors might not dine out at all is the incentive to offer a discount, as is the desire to fill the restaurant during off-peak hours, when customers who can pay in full are still at work. Thus, the development of the 4-6pm Senior Citizen "Early Bird" special for early diners who eat smaller portions, and do not mind dining from a limited….....

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"Consumer Discounts Although It May", 26 July 2007, Accessed.5 June. 2026,
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