Price discrimination is the practice of giving preferential treatment to certain

Question

Price discrimination is the practice of giving preferential treatment to certain groups of customers based on their long - standing relationship to the producer. is the practice of charging different prices to different customers based on the different costs of supplying the product to different customers. is the practice of charging different prices to different customers when the price differences cannot be attributed to variations in cost. is the practice of charging different prices to different customers based on a sellers' personal preferences and prejudices.

Explanation / Answer

aNS IS C

Price discrimination is a pricing strategy that charges customers different pricesfor the same product or service. In pure price discrimination, the seller will charge each customer the maximum price that he or she is willing to pay.

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