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Price Discrimination

Third degree price discrimination

Third degree price discrimination

Third degree price discrimination: Instead of supplying one price and taking the profit (labelled "old profit"), the total market is broken down into two sub-markets, and these are priced separately to maximize profit. For example, tourist and business airline passengers.

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    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Price discrimination (third degree)."
    http://en.wikipedia.org/wiki/File:Price_discrimination_(third_degree).svg Wikipedia CC BY-SA.

Related Terms

  • consumer surplus
  • price discrimination
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