The price discrimination in which seller charges less to the customers, who buy in large volumes is classified as __________?
Correct answer: A. second-degree price discrimination
- A. second-degree price discrimination
- B. first-degree price discrimination
- C. third-degree discrimination
- D. fourth-degree discrimination
Explanation
Second-degree price discrimination charges different prices according to the quantity purchased, such as volume discounts. First-degree discrimination varies the price for each individual buyer, while third-degree discrimination separates buyers into market groups.
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