What Is Perfect Price Discrimination

question 74

Multiple Choice

What is perfect price discrimination?

• A)This occurs when a seller charges each separate consumer an amount that is exactly equal to his or her maximum
• Willingness to pay.
• B)This occurs when a seller is able to charge two different prices in different markets.
• C)This occurs when consumer surplus is maximized in a given market.
• D)All of the answers are correct.

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Definitions:

Immediate Rewards

Benefits received right after completing an action, which often increase the likelihood of repeating the behavior.

Longer-term Goals

Objectives and outcomes that are planned to be achieved over an extended period, typically beyond a year.

Social Roles

Expected behaviors and responsibilities associated with particular positions within a society or group.

Achievement

The accomplishment of a goal or attainment of higher skill levels through effort or skill.