A top-performing used-car salesman is able to sell his cars to each customer at their maximum willingness to pay, a practice known as:

Question

Quizplus · Accepted Answer

Perfect price discrimination involves charging each customer their maximum willingness to pay, which is the practice described in the scenario. Insensitive pricing and pricing market-to-market do not accurately describe this practice, and price tying involves bundling products together to force customers to purchase together, which is not relevant to this scenario.

A Top-Performing Used-Car Salesman Is Able to Sell His Cars