Question 2 - Which of the following is not an example of "price discrimination in practice"...
Question 2 - Which of the following is not an example of "price discrimination in practice" provided in the textbook?
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Frequent-flyer programs |
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Selling paperback editions of hardback books. |
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After-Christmas sales. |
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Selling an inferior version of a product at a lower price. |
Homework Answers
Answer: 4th option
This is not price discrimination; but sales made as per the market choice of lowering price.
If equilibrium market price (where demand and supply intersect) is not followed but a monopolist set price as per his/her own discretion is price discrimination.
All the other options are not correct, since they are all price discrimination. Prices are charged differently in different programs, old editions, and after-Christmas sales.
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Question 2 - Which of the following is not an example of "price
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