2361EconomicsMedium
Which of the following best defines price discrimination?
Acharging different prices on the basis of race
Bselling a certain product of given quality and cost per unit at different prices to different buyers
Ccharging different prices for goods with different costs of production
Dcharging different prices based on cost-of-service differences
Correct answer
B. selling a certain product of given quality and cost per unit at different prices to different buyers
Explanation
The correct answer is selling a certain product of given quality and cost per unit at different prices to different buyers.