alleryStart learning →Charging higher prices for identical goods to buyers more willing to pay is:
ACost-plus pricing
BPrice discrimination
CPredatory pricing
DPenetration pricing
Answer & Solution
Correct answer: B. Price discrimination
Splitting buyers by willingness to pay and charging them different prices is price discrimination.
Keep practising Price-Output Determination under Different Market Forms
Browse all Price-Output Determination under Different Market Forms questions for CA Foundation, or explore more Business Economics topics.
Related questions
Critics say the perfect competition model wrongly shows all agents as:The equilibrium price of a perfectly competitive market is fixed where:Which markets come closest to perfect competition in practice?Which economic theorem says competitive equilibria are Pareto-efficient?In the short run, perfectly competitive firms are:A firm sells 200 units at Rs 50 each, with average cost of Rs 42 per unit. Its economic prNormal profit is treated by economists as a component of:What attracts new firms into a perfectly competitive industry?