Question

Which of the following is the closest example of perfect price discrimination? Group of answer choices At an auction of antique furniture, each piece of furniture is sold to the highest bidder An electric utility charging higher rates to the customers in the summer season than in the winter season An airline providing discounts to its frequent-flyers as they fly more A golf-club imposing a very high entry fee to reduce membership requests

Answer 1

Answer:

At an auction of antique furniture, each piece of furniture is sold to the highest bidder

Explanation:

Price discrimination is when a seller charges different prices for the same good to different consumers based on their willingness to pay.

The aim of price discrimination is to eliminate consumer surplus

I hope my answer helps you