Price discrimination refers to
A) selling a given product for different prices at two different points in time.
B) any price above that which is equal to a minimum average total cost.
C) the selling of a given product to different customers at different prices that do not reflect cost differences.
D) the difference between the prices a purely competitive seller and a purely monopolistic seller would charge.

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different customers for the same product or service, regardless of cost differences. This can be based on various factors such as location, demographics, and willingness to pay.

Price Discrimination Refers to