The employees of an office building in downtown Bethesda have access to only one parking garage which charges $2.75 for the first hour of parking and $1:25 for every additional hour parked.What is this pricing strategy referred to as?

MCQs on major topics and theories in the field of Industrial Organization. Topics include: Market structure analysis and the strategic behaviors of competing firms, including (but not limited to) product differentiation, collusion, price discrimination, pricing strategy, non-price discrimination (i.e. advertising), horizontal mergers, vertical integration, and vertical restraints.