Define the Term Price Discrimination

question 29

Essay

Define the term price discrimination.What conditions must hold for a firm to be able to practice price discrimination? How are consumers affected by price discrimination?

---

Definitions:

Single By Choice

The state of choosing to remain unmarried and/or without a romantic partner out of personal preference rather than external circumstances.

Describe Themselves

This refers to the process by which individuals articulate or express their own attributes, characteristics, and feelings verbally or through other means of communication.

Attributes

Characteristics or qualities that describe an object, person, or phenomenon.

African American Women

Women who are of African descent living in America, recognized as a distinct group in studies related to culture, health, and socio-economic status.