An auction is an example of third-degree price discrimination.

Name: An auction is an example of third-degree price discrimination.
Brand: Quizplus
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Quizplus · Accepted Answer

An auction is not an example of third-degree price discrimination. Third-degree price discrimination involves charging different prices to different groups of consumers for the same product, based on their willingness or ability to pay. An auction, however, sets the price based on competitive bidding, not predetermined segmentation of consumers.

An Auction Is an Example of Third-Degree Price Discrimination