Second-degree price discrimination occurs when: a business asks a series of personal questions about what the purchase is going to be used for. every consumer pays what he or she is willing to pay. consumers are charged one price for the first bundle of purchases and a different price for the next bundle of purchases. different groups of people are charged different prices.

Question

Felix

Business

13 January, 14:10

Second-degree price discrimination occurs when: a business asks a series of personal questions about what the purchase is going to be used for. every consumer pays what he or she is willing to pay. consumers are charged one price for the first bundle of purchases and a different price for the next bundle of purchases. different groups of people are charged different prices.

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Answers (1)

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Cesar Porter · Answer 1

consumers are charged one price for the first bundle of purchases and a different price for the next bundle of purchases

Explanation:

Price discrimination is when a company sells the same good or service at different prices to different consumers.

Second-degree price discrimination is when a seller sells at different prices for different quantities bought. E. g. bulk discount.

First price discrimination is when every consumer pays what he or she is willing to pay

Third price discrimination is when different groups of people are charged different prices.