When a seller uses group pricing, members of the same group pay
A)a price equal to that buyer's marginal benefit.
B)an individually negotiated price.
C)the same price for the product.
D)an escalating price.

Question

Quizplus · Accepted Answer

With group pricing, all members of the group typically pay the same price for the product, regardless of their individual marginal benefit or negotiation ability. This is often used in situations where the seller wants to incentivize group sales or make the product more affordable for a particular demographic.

When a Seller Uses Group Pricing, Members of the Same