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Seeking help on the second part of this question. What is price discrimination? The idea that transactions in a marketplace work like an invisible hand

Seeking help on the second part of this question.

What is price discrimination?

The idea that transactions in a marketplace work like an invisible hand is to some extent the idea that when a person chooses to buy an item at a given price they are happy with the deal. There is no coercion. If the person really does not like the deal they simply walk away.

2

Given that background. Your business partner is strongly opposed to your proposal to charge your largest customers lower prices for your web-based services than you will charge your smaller customers. She is arguing it is unethical, unfair and possibly illegal. Whatdegree is thistype ofprice discriminationand how will the plan increase revenue?MAKE A CASEthatboth customers will be satisfied with the deal and that this is a perfectly legal form of pricing in a business to customer relationship.

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