Price discrimination is more common in service industries because
A) low-price buyers will find it virtually impossible to resell the products of such industries to high-price buyers.
B) the costs of providing such industries' products to different groups of buyers vary dramatically.
C) the price elasticity of demand is the same for all groups of buyers in these industries.
D) all firms in these industries have significant monopoly power over price.

Question

Quizplus · Accepted Answer

Service industries often involve non-transferable or perishable services, making it difficult for low-price buyers to resell to high-price buyers.

Price Discrimination Is More Common in Service Industries Because