Third degree price discrimination is defined by selling:
A) to every customer at a different price.
B) at different prices by volume.
C) every unit at the same price.
D) to different groups at different prices.

Question

Quizplus · Accepted Answer

Third degree price discrimination involves charging different prices to different groups of customers. This could be based on factors such as age, income, location, or any other characteristic that allows the seller to differentiate between groups. The goal is to maximize profits by charging each group of customers the highest price they are willing to pay.

Third Degree Price Discrimination Is Defined by Selling