Under what conditions can a firm sell the same product at different prices?

If the firm is able to identify the prices that each customer is willing to pay for their product, and if the company is able to charge different customers different prices. This practice is called price discrimination. Examples include museums that ask for a student card to offer students a discount; Airline websites that charge different prices to different customers based on the customers' cookies.

SL
Answered by Salomon L. Economics tutor

2916 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

Define the term monopoly and outline its characteristics.


Under what conditions can a firm sell the same product at different prices?


What are the factors affecting Cross-Price Elasticity?


Explain two policies governments might use to redistribute income.


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning