Price discrimination is possible,in part,because
A) costs of production vary as output increases.
B) monopolies are regulated.
C) monopolies don't profit maximize.
D) the willingness to pay can vary among groups of buyers.
E) monopolies face horizontal demand curves.

Question

Quizplus · Accepted Answer

Price discrimination can occur when a seller can charge different prices to different groups of buyers based on the willingness to pay of each group. This can result in higher profits for the seller as they can capture a larger share of the consumer surplus.

Price Discrimination Is Possible,in Part,because