Answer to Question #216291 in Macroeconomics for Masakhe

Question

Price discrimination include ?

Answer 1

Price discrimination is a marketing approach in which a vendor charges varying prices for similar services or goods based on what they think the consumer will agree to. The vendor charges every customer the greatest amount they will pay in pure price discrimination. In more typical kinds of price discrimination, the vendor divides clients into groups based on respective features and charges different prices for every cartegory.