That’s not quite true. A firm wants to sell at a higher price to a customer who can afford it but also sell at a lower price (above cost) to one who can’t afford the “regular price” but would buy it cheaper, thus maximizing profit both via margin and volume. There’s nothing socialist about it.
That’s not quite true. A firm wants to sell at a higher price to a customer who can afford it but also sell at a lower price (above cost) to one who can’t afford the “regular price” but would buy it cheaper, thus maximizing profit both via margin and volume. There’s nothing socialist about it.