Price discrimination refers to:
A) charging different prices to different groups on the basis of production cost differences.
B) charging different prices to different groups without a basis for doing so because of differences in production costs.
C) the ability of a firm to charge a price in excess of marginal cost.
D) consumer bargain hunting.

Question

Quizplus · Accepted Answer

Price discrimination involves charging different prices to different groups of consumers not based on differences in production costs, but rather on differences in willingness to pay.

Price Discrimination Refers To