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Question 2
(a) what is
(b) Determine the conditions for price discrimination to be effective.
Step by step
Solved in 2 steps
- (1) what is an example of price discrimination that you have experienced ? is this price diesccrimination beneficial to consumers ? why yes or why no?1- What is price discrimination ? What are the necessary conditions of price discrimination ? What companies use price discrimination ?Price Discrimination à what does it mean? Who does this practice? How and why? Give suitable examples in this regard
- 1. Two companies, Klaren Electronics, a monopoly, and the Yarn Barn, a perfectly competitive firm, are interested in increasing their profits by using price discrimination. What is price discrimination? Will it help each company to accomplish their goal? Why or why not?QUESTION 4 Explain price discrimination. what are the conditions to make price discrimination effective? provide your answers with examples from the Airline industry.Why are changes of prices of commodities is very responsive to the needs of the consumer? Is price discrimination considered as fair business practice. Why do companies tends to sell commodity to different buyers at different prices?
- Under what circumstances should the government permit price discrimination? Also list a few items that have low utility and low pricesQuestion 1b. Give two examples of price discrimination. In each case, explain why themonopolist chooses to follow this business strategyStudents were able to obtain these tickets, make fictitious reservations, cancel the reservations at the last minute, and secure a seat on the flight at a discounted price. Answer the following questions. 1. Is this a form of price discrimination? Why? Include in your analysis differing levels of elasticity, if relevant, and any other feature 2. Why would an airline use this practice? Provide a dollar and cents example. 3. The airlines caught up with this scheme, what principal of price discrimination did the students violate so as to end it?
- 33. Rodrigo gets a $1.00 discount by buying Cheerios on the end of the aisle that have a store coupon. Olivia buys the same sized Cheerios at the regular price in the cereal section. Is this price discrimination? True FalseQuestion: Discuss the concept of price discrimination and provide examples of industries where it is commonly used.Please Dont use AI tool.6.2. The Economist. First-time subscribers to The Economist pay a lower rate than repeat subscribers. Is this price discrimination? Of what type?
