Price discrimination
A) is common in perfectly competitive markets.
B) is more likely for services than for goods that can be stored and resold.
C) is illegal because it always violates antitrust laws.
D) works only if all groups of demanders have the same price elasticity of demand for the product.

Question

Quizplus · Accepted Answer

Price discrimination is more likely for services because they are harder to store and resell, making it difficult for consumers to arbitrage price differences.

Price Discrimination