"Personalized pricing" and "group pricing" are examples of:
A)first-degree and second-degree price discrimination, respectively.
B)second-degree and third-degree price discrimination, respectively.
C)first-degree price discrimination.
D)first-degree and third-degree price discrimination, respectively.

Question

Quizplus · Accepted Answer

Personalized pricing is first-degree price discrimination, where prices are tailored to individual consumers. Group pricing is third-degree price discrimination, where prices are set for different consumer groups.

"Personalized Pricing" and "Group Pricing" Are Examples Of