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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Give two examples of price discrimination. • Explain how perfect price discrimination affects consumer surplus, producer surplus, and total surplus.

To determine
The effects of price discrimination on consumer surplus, producer surplus and total surplus.

Explanation

The first example of price discrimination is movie tickets sold to two segments of groups: one for children and senior citizens who get lower prices and the other group that get movie ticket at higher prices. Another example of price discrimination is airline prices, as they charge differ...

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