Price discrimination is the practice of _____
A)charging different prices to different groups of consumers.
B)charging different prices to the same groups of consumers.
C)selling different products to different groups of consumers.
D)selling the same products to different groups of consumers.
E)segregating the market.

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices to different groups of consumers based on factors such as their willingness to pay, demographics, or purchase history. This allows businesses to maximize their profits by charging higher prices to those who are willing to pay more, while still attracting price-sensitive consumers with lower prices.

Price Discrimination Is the Practice of _____