Of the three types of price- discrimination, which is impossible to practice in any market in reality?
A)first- degree price discrimination
B)third- degree price discrimination
C)zero- degree price discrimination
D)second- degree price discrimination

Question

Quizplus · Accepted Answer

First-degree price discrimination, also known as perfect price discrimination, is impossible to practice in reality because it requires the seller to know the maximum willingness to pay of every consumer and charge them exactly that price, which is not feasible.

Of the Three Types of Price- Discrimination, Which Is Impossible