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 September 20, 2018, 9:33 am ad1c9bdddf - https://brainmass.com/economics/cost-benefit-analysis/141250
It is known as first degree price discrimination. IT is a form of price discrimination in which a seller charges ...
This solution briefly explains the practice of price discrimination by monopolists. This is completed in over 60 words.