Price discrimination is the practice of selling the same good at more than one price when the price differences are not justified by cost differences.

Evaluate the following statement: "Price discrimination is possible only if no one can easily resell the good."

False, because allowing for resale is more efficient

True, because this prevents the low-price segment of the market from reselling to the high-price segment

False, because it doesn't matter whether consumers can resell the good or not

None of these choices

Which of the following kinds of price discrimination occurs when each customer in a single market is charged the maximum price he or she is willing to pay?

Third-degree price discrimination

Perfect price discrimination

Second-degree price discrimination

This is not an example of price discrimination