When sellers price discriminate,
A)They are attempting to charge a price that is the maximum price each individual is willing to pay.
B)They are trying to pit one group of buyers against another.
C)They are trying to find a minimum price the individual is willing to pay.
D)They are taking an illegal action.

Question

Quizplus · Accepted Answer

When sellers price discriminate, they are attempting to charge a price that is the maximum price each individual is willing to pay. This allows the seller to capture more profit by charging different prices to different groups of buyers based on their willingness to pay.

When Sellers Price Discriminate