Price discrimination is
A) always illegal in Australia.
B) defined as charging different prices for different units.
C) setting the price to minimise the quantity sold.
D) defined as charging the same price to all consumers.
E) Both answers A and C are correct.

Question

Quizplus · Accepted Answer

Price discrimination is defined as charging different prices for different units. Therefore, option B is the correct answer. Option A is incorrect because price discrimination is not always illegal in Australia. Option C is incorrect because setting the price to minimise the quantity sold is not related to price discrimination. Option D is incorrect because price discrimination involves charging different prices to different consumers, not the same price to all consumers. Option E is incorrect because only option B is correct.

Price Discrimination Is