What is Second Degree Price Discrimination? -What is the different between Second and Third Price Discrimination

-This is when Lower Prices are given to thus who buy Large Quantities - Bulk Buy -This can turn Consumer Surplus, some of it, into Revenue for the Firm. It also encourages Big Orders -The Difference between Second and Third Degree is that Second Degree DOES NOT know there are different Groups with different Willingness to Pay -Supermarkets - LIDL - love Second Degree.