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- Question 2 (a) what is price discrimination.Give examples (b) Determine the conditions for price discrimination to be effective.1- What is price discrimination ? What are the necessary conditions of price discrimination ? What companies use price discrimination ?D2 Economics 1. Why does arbitrage make price discrimination an ineffective strategy? 2. If a local sports team seldom sells all of the tickets to a given game will the use of price discrimination lead to an increase or decrease in total welfare? Provide a complete explanation.
- (1) what is an example of price discrimination that you have experienced ? is this price diesccrimination beneficial to consumers ? why yes or why no?5.1.3 Discuss varieties of price discriminationPrice Discrimination à what does it mean? Who does this practice? How and why? Give suitable examples in this regard
- Question 1b. Give two examples of price discrimination. In each case, explain why themonopolist chooses to follow this business strategy1. When a monopoly advertises, the goal is to _____ because _____. Group of answer choices increase its demand as a share of market demand; the monopoly faces a significant portion of market demand increase market demand; the monopoly faces the entire market demand increase market demand; the monopoly produces a product that is identical to the output of all other sellers in the market increase its demand as a share of market demand; the monopoly faces a small portion of market demand 2. If given a choice, a person would prefer to experience the situation of which of the following families? Group of answer choices a family with income equal to the world poverty line a family with income equal to the United States poverty line a family with income double the world poverty line a family with income equal to the poverty line in the United States in 1970 3. A business using its bargaining power as a major buyer of labor to pay lower prices, including lower wages,…4). What example of effective or ineffective price discrimination do you see online or in your community? Explain why the monopolist chooses to follow this business strategy.
- 12. What is Price Discrimination for Price Searchers? Please give an example.?Question 25.25. a.) What is the relationship between economies of scale and a natural monopoly? b.) Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?For a monopoly, why is marginal revenue less than price? Question 2 options: a) If a monopoly wishes to increase sales, it must lower the price to all customers, and the impact of the price effect, working with the quantity effect causes marginal revenue to be less than price. b) If a monopoly wishes to increase sales, it must raise the price to all customers, and the impact of the price effect causes marginal revenue to be less than price. c) If a monopoly wishes to increase sales, it must lower the price to all customers, and the impact of the quantity effect causes marginal revenue to be less than price. d) If a monopoly wishes to increase sales, it must raise the price to all customers, and the impact of the price effect, working with the quantity effect causes marginal revenue to be less than price. e) If a monopoly wishes to increase sales, it must lower the…