Which statement is true?

A) Only monopolists can truly engage in price discrimination.
B) Price discrimination violates our basic constitutional rights.
C) Price discrimination occurs when a seller charges two or more prices for different goods or services.
D) The firm that practices price discrimination needs to be able to distinguish between two or more separate groups of buyers.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.

Monopolists

Firms or individuals who are the sole providers of a particular good or service, possessing significant control over market price.

Constitutional Rights

Rights afforded to individuals by the constitution of a country, which are intended to protect freedoms from governmental interference or restriction.