Compared to a single price for all markets, price discrimination can make some consumers better off and others worse off.

Question

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Price discrimination involves charging different prices to different consumers based on their willingness to pay. As a result, some consumers who are willing to pay a higher price may be better off, while others who are only willing to pay a lower price may be worse off. However, overall, price discrimination can lead to increased efficiency in the market and potentially lower prices for some consumers.

Compared to a Single Price for All Markets, Price Discrimination