Kroger offers a discounted price on bottles of soda if customers buy four or more bottles. What kind of price discrimination strategy is this? Group of answer choices Segmentation Group pricing The hurdle method Verifiable purchas

Kroger offers a discounted price on bottles of soda if customers buy four or more bottles. What kind of price discrimination strategy is this? Group of answer choices Segmentation Group pricing The hurdle method Verifiable purchas

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 13SQP

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Concept explainers

Price Discrimination

Price discrimination or differential pricing is based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.

Question

Kroger offers a discounted price on bottles of soda if customers buy four or more bottles. What kind of price discrimination strategy is this?

Group of answer choices

Segmentation

Group pricing

The hurdle method

Verifiable purchase

Definition Definition Pricing strategy based on the principle that the seller will charge the buyer a price based on the buyer’s ability and willingness to pay for the product rather than applying uniform pricing for all.

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