Price discrimination refers to
A)the actions of a single-price monopolist to determine the best price for its output
B)selling the same product to different customers at different prices as a result of different production costs
C)government regulation of public utility prices
D)selling the same product to different customers at different prices for reasons unrelated to production costs
E)charging a price just above average total cost in order to drive competing firms from the market

Question

Quizplus · Accepted Answer

Price discrimination refers to selling the same product to different customers at different prices for reasons unrelated to production costs. This can be done based on factors such as demand, willingness to pay, or geographic location. It is a common strategy used by firms to increase profits by capturing more of the consumer surplus.

Price Discrimination Refers to