Perfect price discrimination is also referred to as ________ price discrimination.

Question

Quizplus · Accepted Answer

Perfect price discrimination is a pricing strategy in which a firm charges each customer the maximum price they are willing to pay for a product or service. This is also known as first-degree price discrimination or personalized pricing because it requires the firm to have complete information about each customer's willingness to pay. The other answer choices refer to different types of price discrimination strategies that are less precise and do not require as much information about individual customers.

Perfect Price Discrimination Is Also Referred to as ________ Price