Price discrimination takes place when a firm
A) charges different prices for different units of its product.
B) is discriminated against by consumers.
C) charges the same price for all the units of its product that it sells.
D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Price discrimination occurs when a firm charges different prices for different units of its product, often based on factors like customer location, purchase volume, or time of purchase, without a corresponding difference in production cost.

Price Discrimination Takes Place When a Firm