All consumers are worse off when firms engage in price discrimination.

Question

Quizplus · Accepted Answer

Price discrimination can actually benefit some consumers by offering them lower prices based on their willingness to pay or specific circumstances. However, it can also lead to higher prices for other consumers who are not eligible for discounts or deals. Therefore, the impact of price discrimination on consumer welfare depends on the specific context and conditions.

All Consumers Are Worse Off When Firms Engage in Price