Perfect price discrimination is also known as
A)monopoly.
B)first-degree price discrimination.
C)third-degree price discrimination.
D)yield management.

Question

Quizplus · Accepted Answer

Perfect price discrimination is also known as first-degree price discrimination. In this scenario, the seller charges each customer the maximum price they are willing to pay for a product or service. This allows the seller to capture all of the consumer surplus and maximize profits. However, this type of price discrimination is difficult to implement in practice, as it requires the seller to know each customer's willingness to pay.

Perfect Price Discrimination Is Also Known as