Which of the following correctly defines second-degree price discrimination?
A)The seller offers each individual customer a different price.
B)The seller sells differentiated goods at different prices.
C)The seller sets the price of the good equal to the marginal cost of production.
D)The seller offers different prices and customers choose the one that best suits them.
E)The seller sets different prices for different groups of consumers based on attributes like age,sex,and location.

Question

Quizplus · Accepted Answer

Second-degree price discrimination involves offering different prices based on the quantity or version of the product, allowing customers to choose the option that best suits their preferences or needs.

Which of the Following Correctly Defines Second-Degree Price Discrimination