the practice of charging each and every consumer the price she is willing and able to pay for a good or service describes: multiple select question. first-degree price discrimination. perfect price discrimination. second-tier price discrimination. personal pricing.

Respuesta :

The practice of charging each and every consumer the price she is willing and able to pay for a good or service describes first-degree price discrimination and perfect price discrimination.

What is price discrimination?

Price discrimination is when the same product is sold at different prices to customers in different markets

Types of price discrimination

  1. First degree price discrimination : the sellers sells his product at a price that would eliminate the consumer surplus of each customer. It is also known as perfect price discrimination.
  2. Second degree price discrimination : here firms offer different prices depending on the quantity purchased. e
  3. Third degree price discrimination : firms charge different prices to different groups of customers.

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