When firms price discriminate, they turn ________ into ________.
A)producer surplus; revenue
B)consumer surplus; profit
C)revenue; producer surplus
D)producer surplus; consumer surplus

Question

Quizplus · Accepted Answer

Price discrimination allows firms to capture more of the consumer surplus, turning it into additional profit by charging different prices to different consumers or groups of consumers.

When Firms Price Discriminate, They Turn ________ into ________

When Firms Price Discriminate, They Turn into