When the firm charges each customer the maximum price that the customer is willing to pay, the firm_________
A. engages in a discrete pricing strategy.
B. charges the average reservation price.
C. engages in second-degree price discrimination.
D. engages in first-degree price discrimination
Answer:D
When the firm charges each customer the maximum price that the customer is willing to pay, the firm_________
A. engages in a discrete pricing strategy. B. charges the average reservation price. C. engages in second-degree price discrimination. D. engages in first-degree price discrimination