First-degree or complete price discrimination relates to:
A) the minimum price customers are willing to pay.
B) the maximum price customers are willing to pay.
C) the preferred product based on personal preference.
D) the number of products customers are willing to purchase.

Question

Quizplus · Accepted Answer

First-degree price discrimination, also known as perfect price discrimination, occurs when a seller charges each customer the maximum price they are willing to pay for a product or service.

First-Degree or Complete Price Discrimination Relates To