Price discrimination leads to higher prices for all consumers.

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different customers based on their willingness to pay. This can result in some customers paying higher prices than others, but it does not necessarily lead to higher prices for all consumers. In fact, price discrimination can increase competition and efficiency in the market, ultimately leading to lower prices overall.

Price Discrimination Leads to Higher Prices for All Consumers