Third degree price discrimination is defined as:
A) While rarely prosecuted, it is illegal and a misdemeanor versus a felony as defined by the Surface Transportation Board Act
B) charging different prices to different buyers who use the same commodity or service
C) permissible only when the buyer has requested rebates
D) the least serious type of discrimination as versus first degree

Question

Quizplus · Accepted Answer

Third degree price discrimination involves charging different prices to different groups of consumers for the same product or service, often based on factors like age, location, or time of purchase. This practice is common in various industries, such as airlines and cinemas, where prices vary for different segments of customers.

Third Degree Price Discrimination Is Defined As