It is true that price discrimination occurs when a seller charges different prices for its product and the price differences result from differences in the costs of production.
This refers to the selling strategy that charges customers different prices for the same product or service based on what the seller thinks they can get the customer to agree to.
Most times, the price discrimination are used by sellers to capture the market's consumer surplus and this surplus arises because in a market with a single clearing price, some customers would have been prepared to pay more than the single market price.
Therefore, It is true that price discrimination occurs when a seller charges different prices for its product and the price differences result from differences in the costs of production.
Read more about price discrimination
brainly.com/question/23342760
#SPJ1
