Question

when each customer is charged a different price for a good or service when he cannot transfer the service to another person it is called as​

1. First degree price discrimination
2. Second degree price discrimination
3. Third degree price discrimination
4. Fourth degree price discrimination​

Answer 1

Question:

→First degree price discrimination

→Second degree price

→Third degree price discrimination

→Fourth degree price discrimination

Answer:

• First-degree price discrimination, alternatively known as perfect price discrimination, occurs when a firm charges a different price for every unit consumed.

• discriminationSecond-degree price discrimination occurs when a company charges a different price for different quantities consumed, such as quantity discounts on bulk purchases.

• Third-degree price discrimination occurs when a company charges a different price to different consumer groups.

• 4th-degree Price discrimination occurs when firms sell the same good to different groups of consumers at different prices.

Explanation:

→first-degree discrimination, the company charges the maximum possible price for each unit consumed. Second-degree discrimination involves discounts for products or services bought in bulk, while third-degree discrimination reflects different prices for different consumer groups.4th-degree price discrimination – when prices to consumers are same, but the producer faces different costs. Also known as reverse price discrimination.

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