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

2873 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

How can expansionary fiscal policies support an economy in closing a deflationary/recessionary gap?


Do I have to be good at Maths to achieve good results in IB Economics?


What are the characteristics of a perfectly competitive market structure?


What is the crowding out effect and what does it mean for how effective fiscal policy is?


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