Price discrimination a. is practiced by competitive firms as well as by those wi

Question

Price discrimination a. is practiced by competitive firms as well as by those with monopoly power. b. refers to the practice of selling the same good at different prices to different customers. c. occurs when a company charges a higher price for high-cost goods than for low-cost goods. d. is always illegal. Price discrimination a. is practiced by competitive firms as well as by those with monopoly power. b. refers to the practice of selling the same good at different prices to different customers. c. occurs when a company charges a higher price for high-cost goods than for low-cost goods. d. is always illegal. Price discrimination a. is practiced by competitive firms as well as by those with monopoly power. b. refers to the practice of selling the same good at different prices to different customers. c. occurs when a company charges a higher price for high-cost goods than for low-cost goods. d. is always illegal.

Explanation / Answer

Ans: B - refers to the practice of selling the same good at different prices to different customer.

Price discrimination meant to be a strategy of price that will charge different prices to different customer for the same product, goods or services.

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