Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The basis for both first-degree and third-degree price discrimination is differences in buyers' willingness to pay for a good.
B) The basis for both first-degree and third-degree price discrimination is differences in sellers' willingness to accept payment for a good.
C) The basis for first-degree price discrimination is differences in buyers' willingness to pay, whereas the basis for third-degree price discrimination is differences in sellers' willingness to accept payment for a good.
D) The basis for first-degree price discrimination is differences in seller's willingness to accept payment for a good, whereas the basis for third-degree price discrimination is differences in buyers' willingness to pay for a good.