Price discrimination:
A)can benefit consumers with a lower willingness to pay as compared to other consumers in the market.
B)can be a successful strategy for any firm in a competitive market.
C)tends to decrease the profits of the competitive firm.
D)is more successful if one consumer can resell the product to another.

Question

Quizplus · Accepted Answer

Price discrimination can benefit consumers with a lower willingness to pay by allowing them access to goods or services at prices more aligned with their valuation, which they might not have been able to afford at a single market price.

Price Discrimination