Ask Question
BusinessBusiness
16 March, 18:21

Charging higher prices to residential customers than to industrial customers is an example of A. perfect price discrimination. B. first-degree price discrimination. C. third-degree price discrimination. D. second-degree price discrimination. E. quantity price discrimination.

+2
Answers (1)
  1. 16 March, 18:24
    0
    Answer: Option (C) is correct.

    Explanation:

    Correct Option: Third-degree price discrimination.

    When the different price is charged for every unit of consumption is called as first-degree price discrimination. It is also known as perfect price discrimination. In this type of discrimination, seller charge prices according to the consumers willingness to pay.

    In second-degree price discrimination, different price is charged for different quantity of goods.

    In third-degree price discrimination, different price is charged from different groups but the same price will be charged within the group. For example: the caste categories, SC, ST, OBC and general; here different fees is charged from different category.

    In our question, Charging higher prices to residential customers than to industrial customers is an example of third-degree price discrimination.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Charging higher prices to residential customers than to industrial customers is an example of A. perfect price discrimination. B. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following actions would an entity most likely take to hedge an investment in a foreign operation? A. Invest in the debt securities of the same foreign operation. B.
Answers (1)
In 2008, OPEC succeeds in raising world oil prices by 300 percent. This price increase causes inventors to look at alternative sources of fuel for internal-combustion engines.
Answers (1)
How to calculate the size of the labor force?
Answers (1)
Under this Act, you have the right to see the credit history maintained by a credit bureau about you, and under certain conditions they must provide you with a copy of your report free of charge. A. Fair Credit Reporting Act B.
Answers (1)
When the government increases taxes, rates of tax evasion increase?
Answers (1)
New Questions in Business
Which of these is a disadvantage of banking with national retail banks
Answers (1)
Emily has been waiting for a promotion to a management position for almost five years. She notices that men fill most of the higher-level jobs in her company. She suspects she is not being promoted because she is female. What term describes this? A.
Answers (1)
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300 Accounts payable 1,600 Retained earnings 4,700 Utilities expense 1,100 Supplies 12,000 Service revenue 7,500 Common
Answers (1)
A company has a fiscal year-end of december 31: (1) on october 1, $12,000 was paid for a one-year fire insurance policy; (2) on june 30 the company lent its chief financial officer $10,000; principal and interest at 6% are due in one year;
Answers (1)
Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. How many pounds of raisins and how many pounds of nuts should marquese use for the trail mix to cost him $6.96 per pound?
Answers (2)
Home » Business » Charging higher prices to residential customers than to industrial customers is an example of A. perfect price discrimination. B. first-degree price discrimination. C. third-degree price discrimination. D. second-degree price discrimination. E.
Sign Up Forgot Password?