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

2727 Views

See similar Economics IB tutors

Related Economics IB answers

All answers ▸

If monopolies are so inefficient, why do they still exist?


Discuss the possible consequences of the imposition of an indirect tax on cigarettes for the different stakeholders in the market.


Explain the impact that a fall in the world price of oil might have on aggregate supply and gross domestic product (GDP) in an economy.


Explain why scarcity results in economic decisions being made.


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:

© 2025 by IXL Learning