Price discrimination occurs when a monopolist charges
A)both c and d
B)different prices to different buyers for different products
C)different prices to different groups of buyers, based on differences in the cost of providing the commodity to the buyer
D)different prices to different groups of buyers for reasons unrelated to the cost of providing the commodity to the buyer
E)all buyers the same price for the same product

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different groups of buyers for reasons unrelated to the cost of providing the commodity, such as willingness to pay.

Price Discrimination Occurs When a Monopolist Charges