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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Occasionally, students accuse their instructors, rightly or wrongly, of practicing grade discrimination. These students claim that the instructor “charges” some students a higher price for a given grade than he or she charges other students (by requiring some students to do more or better work). Unlike price discrimination, grade discrimination involves no money. Discuss the similarities and differences between the two types of discrimination. Which do you prefer less or perhaps dislike more? Why?

To determine

The differences and similarities between price discrimination and grade discrimination.

Explanation

In price discrimination, monopoly charges different prices to different consumers on the basis of their willingness to pay. Suppose the instructor charges more to students on the basis of their capability, which is related to the efforts and performance, then there is a similarity between price discrimination and grade discrimination...

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