Multiple choice

Which of the following is the first degree price discrimination as per Prof. Pigou?

  1. The monopolist charging the highest price.

  2. The monopolist charging different prices from the different classes of customers.

  3. The monopolist charging different prices in different markets.

  4. None of these.

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

It is first degree price discrimination. (B) is second degree and (C) is third degree price discrimination.