In imperfect price discrimination, total revenue is increased by reducing _____ compared to no price discrimination.

Question

Quizplus · Accepted Answer

In imperfect price discrimination, firms charge different prices to different groups based on their willingness to pay, which allows them to capture more consumer surplus and convert it into additional revenue. This process does not directly affect producer surplus, average total cost, or total cost in the context of the question.

In Imperfect Price Discrimination, Total Revenue Is Increased by Reducing