Question

A report by the Wall Street Journal found there were several online retailers that offered customers different prices based on their browsing history and other characteristics.This is an example ofâ ____________.

Answer 1

Answer:

​third-degree price discrimination

                             

Explanation:

Third Degree Price gouging or discrimination entails paying a different amount for that same product for various groups of customers. Similar features such as age, gender, place, period of use may define these groups of customers.

It can be seen most common predatory pricing and includes paying different rates in market sectors for same commodity. Third-degree bias is directly related to the ability and willingness of companies to pay for a commodity. There are typically two ways to distinguish the sector: by period or by geographical location.