Price discrimination is when a firm charges:
A) the same price to all customers.
B) different prices for different goods to different customers.
C) different prices for the same goods to different customers.
D) None of the above are true.

Question

Quizplus · Accepted Answer

Price discrimination refers to the practice of charging different prices for the same goods or services to different customers. This is done based on factors such as the customer's willingness to pay, their location, their age or gender, or any other characteristic that affects their demand for the product. By charging different prices to different customers, firms are able to capture more of the value they create, increase revenue, and potentially increase profits.

Price Discrimination Is When a Firm Charges