A firm charges each customer the highest price that customer will pay for the marginal unit under:____.

1 answer:

6 0

A firm charges each customer the highest price that customer will pay for the marginal unit under <u>first-degree price discrimination</u>.

First-degree discrimination, or ideal charge discrimination, happens when an enterprise prices the maximum feasible fee for every unit consumed. Due to the fact prices range among gadgets, the firm captures all to be had client surplus for itself or the economic surplus.

Within the first degree, you allow customers to pay for the product as much as they want. A textbook instance of first-degree price discrimination is eBay. Customers are bidding on product costs, and the more they're willing to pay, the better the very last fee of the product is.

Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at specific fees by means of the identical company in distinctive markets.

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