________ occurs in the consumer market when different consumers are charged different prices for the same product.

Question

Quizplus · Accepted Answer

Price discrimination occurs when different consumers are charged different prices for the same product. This can happen based on factors such as location, age, income, or perceived willingness to pay. It is not illegal as long as it is not based on certain protected characteristics such as race or gender.

________ Occurs in the Consumer Market When Different Consumers Are