If a firm charges each customer the maximum price they are willing to pay for each unit, this is called_________degree price discrimination.

Name: If a firm charges each customer the maximum price they are willing to pay for each unit, this is called_________degree price discrimination.
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Question

Quizplus · Accepted Answer

First-degree price discrimination, also known as perfect price discrimination, occurs when a seller charges each customer their maximum willingness to pay for each unit, capturing the entire consumer surplus.

If a Firm Charges Each Customer the Maximum Price They