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Many colleges provide students from low-income families with scholarships, subsidized loans, and other programs so that they pay lower tuitions than students from high-income families. Explain why universities behave this way.

Answer :

Group price discrimination.

What does pricing discrimination entail?

Price discrimination is a practice in which a seller sets different prices for the same goods or services depending on the buyer's response to particular criteria or the seller's estimation of what the buyer will pay.

What three ways does pricing discrimination come in?

  • First-degree price discrimination occurs when a seller is aware of the highest price a customer will pay.
  • Second-degree price discrimination occurs when a product's price changes in response to demand.
  • Third-degree price discrimination occurs when a product's price is altered because of characteristics like age or sex.

Learn more about price discrimination with the help of the given link:

brainly.com/question/14616503?referrer=searchResults

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