Under third-degree price discrimination, _____.
A) consumers are divided into groups and each group pays a different price
B) every consumer pays a ﬁxed price for each unit of the good
C) consumers are asked to state the exact price that they are willing to pay for the good
D) consumers are charged according to the number of units they buy

Question

Quizplus · Accepted Answer

Third-degree price discrimination involves dividing consumers into different groups based on certain characteristics (like age, location, or income) and charging each group a different price for the same product or service.

Under Third-Degree Price Discrimination, _____