Third-Degree Price Discrimination Exists When

question 43

Multiple Choice

Third-degree price discrimination exists when

• A)the seller knows exactly how much each potential customer is willing to pay and will charge accordingly.
• B)different prices are charged by blocks of services.
• C)when the seller can separate markets by geography,income,age,etc.,and charge different prices to these different groups.
• D)when the seller will bargain with buyers in each of the markets to obtain the best possible price.

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