what is the difference between discrimination and types of the food
Answers
company can enhance its profits by charging each customer the maximum amount he is willing to pay, eliminating consumer surplus, but it is often a challenge to determine what that exact price is for every buyer. For price discrimination to succeed, businesses must understand their customer base and its needs, and there must be familiarity with the various types of price discrimination used in economics. The most common types of price discrimination are first, second and third degree discrimination. Read more: What are the different types of price discrimination? | Investopedia https://www.investopedia.com/ask/answers/042415/what-are-different-types-price-discrimination-and-how-are-they-used.asp#ixzz5RYhfqa86 Follow us: Investopedia on Facebook