Price discrimination exists:
A)only in perfectly competitive markets.
B)because sellers try to exploit differences in customers' willingness to pay.
C)in all industries, regardless of market structure.
D)only when demand is inelastic.

Question

Quizplus · Accepted Answer

Price discrimination occurs because sellers aim to capitalize on the variations in customers' willingness to pay, allowing them to maximize profits by charging different prices for the same product or service based on the customer's perceived willingness or ability to pay.

Price Discrimination Exists