The practice of charging different prices to different customers for the same good or service,even though the cost of supplying those customers is the same,is:
A)privatization.
B)monopolization.
C)output competition.
D)price discrimination.

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices to different customers for the same good or service, even though the cost of supplying those customers is the same. This can be done based on various factors such as location, age, income, or willingness to pay. It is often done to increase profits by capturing more of the consumer surplus.

The Practice of Charging Different Prices to Different Customers for the Same