The ability of a firm to charge different customers different prices is called _____:
A)price ceiling.
B)price discrimination.
C)predatory pricing.
D)price flooring.
E)basing point pricing.

Question

Quizplus · Accepted Answer

Price discrimination refers to the ability of a firm to charge different prices to different customers based on various factors such as location, quantity purchased, and willingness to pay. This can be beneficial for the firm as it allows them to increase profits by capturing a larger portion of the consumer surplus. However, it can also be seen as unfair to some customers who may feel they are being charged more than others.

The Ability of a Firm to Charge Different Customers Different