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- Explain how perfect price discrimination could address the free-rider problem? Why then is it not implemented?Which of the following if true would make it harder for a firm to practice price discrimination? Group of answer choices There is a market where buyers can resell what they buy. The firm knows about differences in demand across recognizable groups. The firm has market power.Q3) How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give anexample.
- Miron Floren, of Lawrence Welk Show fame, now tours the country performing at accordion concerts. A careful analysis of demand for tickets to Mr. Floren’s concerts reveals a strange segmentation in the market. Demand for tickets by senior citizens is described by Qo = 500P^–3/2 , while demand by those under 65 years old is Qy = 50P^–4. If the marginal cost of a ticket is £3, how should tickets to Mr. Floren’s concerts be priced to maximize profits? A. £3 for senior citizens and £8 for those younger B. £6 for senior citizens and £12 for those younger C. £9 for senior citizens and £4 for those younger D. £4.71 for all tickets E. £12 for senior citizens and £4.50 for those youngerTo test the effectiveness of a two Web advertising agencies, you increase your ad purchase with agency A by 50% without changing your purchase through agency B. The referrals to your website from agency A increased by only 34% but the referrals from agency B fell by 21%. Why might the difference-in-difference estimate of the referrals per dollar through agency A be biased?Safeway sells water for $2 a bottle or $18 for a box of 12 bottles. This is an example of third degree price discrimination. Group of answer choices True False
- Q48' Assume that Cresco Labs is a monopolist that can sell 15 ounces of marijuana per day at $12.50 for each ounce. To sell 16 ounces of marijuana per day, the price must be cut to $12.20. The marginal revenue of the 16th ounce is Multiple Choice $12. $7.70 . $16. $-0.30. $12.20.The following are two distinct demand functions: q1=24−0.2p1 and q2=10−0.05p2. The average cost AC=40+35/q. What price the firm will change with discrimination?Q3) How is peak-load pricing a form of price discrimination? Give anexample.
- Exercise 4.3 Show why optimal third-degree price discrimination requires that the marginal income for each group of consumers be equal to the marginal cost. Use this condition to explain how a firm must alter its prices and total output if the demand curve of one of the consumer groups shifts outward, so that the marginal income corresponding to that group increases. (TdeR. 5, cap. 11 de PR9)The fact that movie theaters charge a lower price to see a movie during the day as compared toevening show even though there is no change in cost is known as: 1.time discrimination.2.Dinelastic supply of movies3.price discrimination.4.elastic demand for movies during the dayIvan runs a small independent movie theatre in Scarborough, which presently attracts 1,100 customers per week at a ticket price of $7. His customer base comprises 750 adult customers and 350 seniors. He would like to increase his total revenue by practising price discrimination. He knows that the demand by adults is fairly inelastic and that a change in the admission price of $1 would change the quantity by 60 customers. He also recognizes that the demand by seniors is fairly elastic and a $1 change in the price would result in a change of 40 customers. Adults Seniors Price Quantity Total Revenue Quantity Total Revenue $2 $ $ 3 4 5 6 7 8 9 a. From this information, complete the table above. b. What is Ivan’s present total revenue? Total revenue: $ c. Should he increase or decrease the price for adults? Should he increase or decrease the price for seniors?…