Easier Price Discrimination in Services

Answered using GPT-4o mini by AI Answer Generator

Question:

It is easier to price-discriminate on services than on goods.

False

True

Answer:

True

It is generally easier to price-discriminate on services than on goods. This is because services often have more variable costs and can be tailored to individual customers' needs, allowing providers to adjust prices based on factors such as demand, customer characteristics, and the timing of the service. Additionally, services are often less standardized than goods, making it easier to implement different pricing strategies for different