types of price discrimination
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✌There are three types of price discrimination:
First degree – the seller must know the absolute maximum price that every consumer is willing to pay. Second degree – the price of the good or service varies according to quantity demanded.
Third-degree price discrimination occurs when a company charges a different price to different consumer groups. ... This discrimination is the most common.
First degree – the seller must know the absolute maximum price that every consumer is willing to pay. Second degree – the price of the good or service varies according to quantity demanded.
Third-degree price discrimination occurs when a company charges a different price to different consumer groups. ... This discrimination is the most common.
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