Perfect price discrimination means:

A. charging each consumer a price exactly equal to his or her willingness to pay.

B. charging the exact same price to each consumer regardless of his or her willingness to pay.

C. charging different prices to different consumers so as to maximize consumer surplus.

D. charging each consumer a price exactly equal to the marginal cost of selling the good to that consumer.


A. charging each consumer a price exactly equal to his or her willingness to pay.

Economics

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A) 0%. B) greater than 0% but less than 5%. C) equal to 5%. D) greater than 5%.

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Economics