What is another term for perfect price discrimination?
A)monopoly.
B)first-degree price discrimination.
C)third-degree price discrimination.
D)yield management.

Question

Quizplus · Accepted Answer

Perfect price discrimination is also known as first-degree price discrimination. In this type of price discrimination, the seller charges the maximum price that each individual buyer is willing to pay, thereby capturing all the consumer surplus. This requires sellers to have complete information on individual consumer demand and be able to tailor prices to each consumer.

What Is Another Term for Perfect Price Discrimination