What do economists call the business practice of selling the same good at difference prices to different customers?
A)Price discrimination
B)Collusion
C)Compensating differential
D)Both a and b are correct

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices to different customers for the same good or service. This allows firms to capture more consumer surplus and increase profits by charging higher prices to customers who are willing to pay more.

What Do Economists Call the Business Practice of Selling the Same