Price discrimination involves charging whatever the market will bear.

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices for the same product or service, based on the customers' willingness to pay. It involves identifying different customer segments and charging higher prices to those who are willing to pay more, while offering lower prices to those who are price-sensitive. Therefore, price discrimination does involve charging whatever the market will bear for different customer segments.

Price Discrimination Involves Charging Whatever the Market Will Bear