The company charges the maximum possible price for each unit consumed in first-degree discrimination. Second-degree discrimination involves discounts for products or services that are bought in bulk.

We look at the three most common types of price discrimination in this article: first-, second-, and third-degree discrimination. Price discrimination is a sales strategy of selling the same ...

Finally comes personalized pricing, also called “first-degree price discrimination” or “perfect price discrimination” because it enables retailers to use personal data to charge the ...