What is the term for the practice of selling a product to different customers at different prices when marginal cost is the same?
A) price discrimination
B) arbitrage
C) price segregation
D) monopoly pricing

Question

Quizplus · Accepted Answer

The practice described is known as price discrimination, where a seller charges different prices to different customers for the same product or service. This strategy aims to maximize profits by capturing the maximum consumer surplus possible.

What Is the Term for the Practice of Selling a Product