Question

Give an example of a monopoly.  
         a) State which barrier to entry it utilizes.
         b) Have you ever purchased this good or used this service? Explain

Give an example of a company that uses price discrimination.
         a) State which type of price discrimination it utilizes.
         b) Have you ever purchased their good or used their service? If so, how were you impacted by their price discrimination

Answer 1

Ans

1 public utilities supplying water. The barrier it utilizes is Govt regulation to grant them monopoly(legal monopoly), high startup costs etc

2 Yes I constant use their service.

3 Such company is American railways. It practices price discrimnation of use

4 Yes I often travel through train. I was impacted in the sense it charges me higher rate than applicable on cargo