Price discrimination is selling the same good to different customers at different prices.

Name: Price discrimination is selling the same good to different customers at different prices.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Price discrimination is defined as selling the same good or service to different customers at different prices based on their willingness to pay or other characteristics. This can result in increased profit for the seller as they are able to capture more of the consumer surplus.

Price Discrimination Is Selling the Same Good to Different Customers