Which of the following industries is most likely closest to achieving perfect price discrimination?
A) The toilet paper industry
B) The airline industry
C) The textbook industry
D) The soft drink industry
E) The wheat industry

Question

Quizplus · Accepted Answer

The airline industry is the most likely closest to achieving perfect price discrimination. Airlines use sophisticated pricing algorithms that take into account various factors such as booking time, travel dates, and passenger demographics to offer personalized prices to customers. This allows them to charge different prices for the same service based on individual customers' willingness to pay, which is a characteristic of perfect price discrimination.

Which of the Following Industries Is Most Likely Closest to Achieving