Price discrimination is the practice of selling

Reference no: EM13887706

Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences.

evaluate the following statement:"Price discrimination requires market segregation."

A. False, because the monopolist can never charge anyone their maximum willingness to pay anyway.

B. because the monopolist does not need to know people's willingness to pay for its goods.

C. True, because the monopolist needs to know the willingness to pay of different groups of consumers.

D. None of these choices.

Reference no: EM13887706

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