A well-respected golf instructor charges each customer a fee just under the customer's maximum willingness to pay for lessons. Option E.
Price discrimination is the business practice of selling the same product to different customers at different prices. Charging adults and children different prices for the same movie is an example of price discrimination. Charging everyone the same price for goods and services is not price discrimination.
Price discrimination is a strategy used by businesses to maximize revenue by charging customers different prices based on their willingness to pay. For example, movie theaters often offer different prices for adults, seniors, and children. We also offer deals on certain days of the week. Price discrimination is a microeconomic pricing strategy in which identical or nearly similar goods or services are sold at different prices by the same supplier in different markets.
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