If we are able to perfectly price discriminate then we would earn surplus additional profit
Charging different prices for the same commodity or service is referred to as price discrimination.
First-degree price discrimination, also referred to as perfect price discrimination, happens when a business charges a different price for each item purchased.
Charges for differing amounts, such as quantity discounts for large purchases, are examples of second-degree pricing discrimination.
Charging various consumer groups and various prices is known as third-degree price discrimination.
Price discrimination has various benefits from the standpoint of a company. increasing profits, scale-based economies, Understanding the market and customers and using infrastructure effectively
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