Q
Which of the following best defines price discrimination ?
-
A
A. Charging different prices on the basis of race
-
B
B. Charging different prices for goods with different costs of production
-
C
C. Charging different prices based on cost-of-service differences
-
D
D. Selling a certain product of given quality and cost per unit at different prices to different buyers
Correct Answer:
D. D. Selling a certain product of given quality and cost per unit at different prices to different buyers
