Which of the following industries is most likely closest to achieving perfect price discrimination?
A) the airline industry
B) the wheat industry
C) the textbook industry
D) the toilet paper industry
E) the soft drink industry

Question

Quizplus · Accepted Answer

The airline industry has implemented various pricing strategies to maximize revenue and achieve perfect price discrimination, such as dynamic pricing, segmentation, and yield management. Airlines can charge different prices for the same seat based on the time of the day, day of the week, season, demand, and customer characteristics. Additionally, airlines use frequent flyer programs and loyalty schemes to offer personalized discounts and incentives to different customers.

Which of the Following Industries Is Most Likely Closest to Achieving