One benefit of price discrimination is that
A) firms are able to provide goods to consumers at a consistent price.
B) some consumers are able to buy the product at a lower price than would otherwise exist.
C) all consumers are able to gain monopsony power.
D) most firms minimize revenue.
E) it exists only in theory,not in the real world.

Question

Quizplus · Accepted Answer

Price discrimination allows firms to sell their products at different prices to different consumers based on factors such as income or willingness to pay. This means that some consumers who may not be able to afford the higher price are still able to purchase the product at a lower price, increasing overall sales and potentially benefiting both the firm and the consumer.

One Benefit of Price Discrimination Is That