if a firm could practice perfect price discrimination, it would group of answer choices use odd pricing. charge every buyer a different price. charge a price based on the quantity of a product bought. allow resale of its product.

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26-10-2022
Business

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if a firm could practice perfect price discrimination, it would group of answer choices use odd pricing. charge every buyer a different price. charge a price based on the quantity of a product bought. allow resale of its product.

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qwapple qwapple · Answer 1 · 2022-10-28T11:45:25-04:00

If a firm could practice perfect price discrimination, it would charge every buyer a different price.

The act of charging a varied price for the same commodity or service is known as price discrimination. Price discrimination can be categorised into three categories: first-degree, second-degree, and third-degree.

When a business charges a different price for each unit consumed, it is said to be engaging in first-degree price discrimination, also referred to as perfect price discrimination.

The company is able to charge the highest price for each item, allowing it to keep all of the potential consumer surplus for itself. First-degree discrimination is uncommon in real life.

Charging varying prices for different amounts, such as offering quantity discounts for large purchases, is referred to as second-degree pricing discrimination.

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