The practice of charging different prices to different groups of consumers is called _____
A)price segregation.
B)price discrimination.
C)rent seeking.
D)economies of scale.
E)economies of scope.

Question

Quizplus · Accepted Answer

The practice of charging different prices to different groups of consumers is called price discrimination. This can be done based on factors such as age, income, location, or purchasing history, among others. It is often used as a pricing strategy by businesses to maximize profits and increase market share. However, it can also be controversial and raise issues of fairness and equity.

The Practice of Charging Different Prices to Different Groups of Consumers