Price discrimination is a strategy that companies use to charge different prices for the same goods or services to different costumers,companies use first degree to sell a product for the maximum price a consumer will pay.
The answer fam isPrice discrimination recognizes that groups of consumers are willing and able to pay different amounts and maximizes profits by charging each group a different price
The answer fam isPrice discrimination recognizes that groups of consumers are willing and able to pay different amounts and maximizes profits by charging each group a different price
Price discrimination is a strategy that companies use to charge different prices for the same goods or services to different costumers,companies use first degree to sell a product for the maximum price a consumer will pay.
The correct answer is letter "D": Consumer preferences are markedly different in the two markets.
Explanation:
Price discrimination comes into place when a good or service is offered at different prices to different people. For price discrimination to be legal, the benefited party must be somehow unfavored which mill justify the differences in the price offers.
In the business world, companies apply price discrimination as well when their products are sold in different regions. This is to attract new customers who do not have the same preferences as the company's consumers in its usual region.
The correct answer is letter "D": Consumer preferences are markedly different in the two markets.
Explanation:
Price discrimination comes into place when a good or service is offered at different prices to different people. For price discrimination to be legal, the benefited party must be somehow unfavored which mill justify the differences in the price offers.
In the business world, companies apply price discrimination as well when their products are sold in different regions. This is to attract new customers who do not have the same preferences as the company's consumers in its usual region.
the over use of illumination and the NEED for heat for survival. The use of this practice is common and is long accepted. Not even sure the public realizes this is happening. I'd rather pay a lower price for electric heat than what I pay for lighting my home.
the over use of illumination and the NEED for heat for survival. The use of this practice is common and is long accepted. Not even sure the public realizes this is happening. I'd rather pay a lower price for electric heat than what I pay for lighting my home.
According to my research on government practices, I can say that based on the information provided within the question this practice requires companies to use "Arm's length prices". This term is defined making sure that the price for a transaction must be the same price as if it were a transaction on the open market.
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