The practice of selling the same product at different prices to different consumers,without corresponding differences in costs,is:
A)price discrimination.
B)privatizing.
C)monopolizing.
D)output prioritizing.

Question

Quizplus · Accepted Answer

Price discrimination refers to the practice of selling the same product to different consumers at different prices, without corresponding differences in costs. This allows companies to capture more value and increase profits by charging higher prices to consumers who are willing to pay more, while still selling to price-sensitive consumers at a lower price. It is a common strategy used by firms with market power, such as monopolies or oligopolies, to increase their profits.

The Practice of Selling the Same Product at Different Prices