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.

Question

Quizplus · Accepted Answer

Price discrimination is the practice of charging different prices to different customers for the same product or service. The goal of price discrimination is to charge a price that is the maximum each individual customer is willing to pay, in order to extract the greatest amount of profit possible. Therefore, choice A is the best answer.

When Sellers Price Discriminate