For which of the following products would effective price discrimination (from the seller's viewpoint) be most likely?

Question

Quizplus · Accepted Answer

Medical care is an example of a product where effective price discrimination is more likely because the price elasticity of demand is typically low and buyers are willing to pay a higher price to receive necessary medical services. Additionally, the cost of producing medical care is high, which allows for more flexibility in pricing strategies.

For Which of the Following Products Would Effective Price Discrimination