Price discrimination can benefit some consumers because:
A) a uniform price may be above their willingness to pay.
B) they can resell that good at a higher price and earn some extra money.
C) it forces monopolists to earn lower profits.
D) it forces monopolists to operate on the elastic section of their demand curve.

Question

Quizplus · Accepted Answer

Price discrimination allows firms to charge different prices to different consumers based on their willingness to pay. This means that some consumers who have a lower willingness to pay may be able to purchase the product at a lower price than they would have had to pay if there was only one uniform price. This benefits these consumers as they are able to purchase the product at a price that is more affordable to them.

Price Discrimination Can Benefit Some Consumers Because