PRICE DISCRIMINATION:-
It is defined as a charge for a product at various pricing levels. In this sellers will charge the customers up to the maximum price. The companies will identify different pricing elastics to define the prices. Markets will set the price based upon distance, time and use of nature.
TYPES OF PRICE DISCRIMINATION:-
First-degree discrimination applies when the company charges the maximum price per consume. price will vary in this degree discrimination. This is rarely used by the companies.
Second-degree discrimination applies when the company charges the different charges for different prices, such as when purchases on a bulk amount.
Third-degree discrimination applies when the company charges different prices for different customers.
It is defined as a charge for a product at various pricing levels. In this sellers will charge the customers up to the maximum price. The companies will identify different pricing elastics to define the prices. Markets will set the price based upon distance, time and use of nature.
TYPES OF PRICE DISCRIMINATION:-
First-degree discrimination applies when the company charges the maximum price per consume. price will vary in this degree discrimination. This is rarely used by the companies.
Second-degree discrimination applies when the company charges the different charges for different prices, such as when purchases on a bulk amount.
Third-degree discrimination applies when the company charges different prices for different customers.
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