Question

One benefit of price discrimination is that: __________

a. it exists only in theory, not in the real world.
b. firms are able to provide goods to consumers at a consistent price.
c. all consumers are able to gain monopsony power.
d. some consumers are able to buy the product at a lower price than would otherwise exist.
e. most firms minimize revenue.

Answer 1

d. some consumers are able to buy the product at a lower price than would otherwise exist.

Step-by-step explanation:

Price discrimination means the company charged different prices to different persons for the similar product. Also the seller thinks that they can agree to the customer for paying it.

So as per the given situation, the option d is correct as it defines the price discrimination

Therefore the other options are incorrect