Price discrimination occurs when
A)Minorities pay a higher price for a product than everyone else.
B)Sellers charge a higher price than is reasonable.
C)Sellers charge two separate prices for the same product to two different groups.

Question

Quizplus · Accepted Answer

Price discrimination occurs when sellers charge different prices for the same product or service to different groups of consumers. This can be based on various factors, such as age, gender, location, or purchasing behavior. It is not necessarily discriminatory or unfair, as sellers may have valid economic reasons to use price discrimination, such as different cost structures or market segments. However, price discrimination can also raise ethical and legal concerns, especially if it harms consumers who are less able or willing to pay higher prices, or if it creates monopolistic or anti-competitive practices.

Price Discrimination Occurs When