Explore BrainMass

Explore BrainMass

    Solve: Price Discrimination

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Question: What is the practice by a monopolist of charging each buyer the highest price he/she is willing to pay is called?

    © BrainMass Inc. brainmass.com October 9, 2019, 8:09 pm ad1c9bdddf

    Solution Preview

    It is known as first degree price discrimination. IT is a form of price discrimination in which a seller charges ...

    Solution Summary

    This solution briefly explains the practice of price discrimination by monopolists. This is completed in over 60 words.