Perfect price discrimination is unlikely to exist in real life because:
A)monopolists are willing to cut their customers some slack.
B)price discrimination is just a theoretical concept.
C)information asymmetries are present.
D)economics is not a perfect science.

Question

Quizplus · Accepted Answer

Information asymmetries exist in most markets, making it difficult for a business to accurately identify and charge every customer their willingness to pay. Therefore, perfect price discrimination is unlikely to occur in the real world.

Perfect Price Discrimination Is Unlikely to Exist in Real Life