In the real world, price discrimination is difficult to enact because:
A)it is hard to identify and verify different groups.
B)it is impossible to perfectly know each consumer's willingness to pay.
C)it can be challenging to prevent the resale of goods from one group to another.
D)All of these are true.

Question

Quizplus · Accepted Answer

All of the options listed are genuine challenges faced when trying to implement price discrimination in the real world. Identifying and verifying different groups of consumers (A), knowing each consumer's willingness to pay (B), and preventing the resale of goods between groups (C) are all factors that complicate the execution of price discrimination strategies.

In the Real World, Price Discrimination Is Difficult to Enact