Coast-to-Coast Sales Company charges different buyers different prices for identical goods.This is

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices for the same product or service to different customers. As Coast-to-Coast Sales Company is charging different prices to different buyers, it is an example of price discrimination. Market division refers to dividing a market into smaller segments and targeting different segments with different products or prices. Price-fixing agreement refers to an illegal agreement between competitors to set prices at a certain level. Tying arrangement refers to a situation where a seller requires a buyer to purchase additional products or services as a condition of purchase.

Coast-To-Coast Sales Company Charges Different Buyers Different Prices for Identical