Discussion
Charging a different price in different markets is called
Answer: A
Charging different prices in different markets for the same product is called price discrimination, which is the general term and is option (A). The other options are particular kinds of it. In first-degree (perfect) discrimination each buyer pays the most he is willing to pay. In second-degree discrimination the price depends on the quantity bought, as with block pricing. In third-degree discrimination different groups or markets are charged different prices, which is the nearest to the wording of the question, but the question speaks of the practice in general.
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