The idea of charging two different groups of consumers two different prices is practiced in:
A)price discrimination.
B)two-part pricing.
C)price matching.
D)none of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

The concept of charging two different prices from two different groups of consumers is known as price discrimination. It is a pricing strategy used by companies to maximize profits based on the different willingness to pay from different customer segments.

The Idea of Charging Two Different Groups of Consumers Two