Which statement is true?

Question

Quizplus · Accepted Answer

Perfect price discrimination would eliminate consumer surplus because each consumer would have to pay the maximum price they are willing to pay for the product, resulting in no surplus for the consumer. Option A is false because perfect price discrimination is rare. Option C is incorrect because charging different prices to different age groups is an example of price discrimination, but not perfect price discrimination since there are still categories of people paying different prices. Therefore, option D is also incorrect.

Which Statement Is True