Answer to Question #118009 in Microeconomics for tajin

Question #118009
Explain three types of price discrimination
1
Expert's answer
2020-05-25T09:25:51-0400

1.     First-degree discrimination, or perfect price discrimination, occurs when a business charges the maximum possible price for each unit consumed.

2.     Second-degree price discrimination occurs when a company charges a different price for different quantities consumed, such as quantity discounts on bulk purchases.

3.     Third-degree price discrimination occurs when a company charges a different price to different consumer groups.



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