Price discrimination is the practice of:
A)charging different prices to buyers of the same good.
B)paying different prices to suppliers of the same good.
C)equating price to marginal cost.
D)equating price to marginal revenue.

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices to buyers of the same good. This can be done based on various factors such as time of purchase, location, quantity purchased, or buyer characteristics such as age or income. This allows the seller to capture more of the consumer surplus and increase profits.

Price Discrimination Is the Practice Of