Question

. Price discriminate sounds like a socially “bad” thing. Can you think of any reasons why price discrimination could be viewed as a socially “good” thing?

Answer 1

Price discrimination means sellers charge customer based on how much they might be willing to pay. price discrimination means its charge different prices to different customers. For instance, magazines sold on the airport is charged a dozen times more per unit than the ones sent to the home subscribers. Price discrimination is good because its charge less from poor customer and more from rich customers. Most of the organisations,sellers make profit by simply doing some discrimination based on the customers affordability. It is good for the economy. Like many companies sell their products at lower cost in poor countries and higher cost in rich countries and they make some profit.