Price discrimination is the practice of ________.
A) setting different prices for different products
B) charging different prices for quantity amounts
C) using variable costing for some products and full costing for other products when setting prices
D) charging different prices to different customers or clients for the same products or services

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices to different customers or clients for the same products or services. This can be based on different factors such as location, age, income, or purchase history. The aim is to maximize profits by charging higher prices to those who are willing to pay more, while still attracting price-sensitive customers with lower prices.

Price Discrimination Is the Practice of ________