1.Explain price discrimination and provide an example of price discrimination you have observed or read about.
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1.Explain price discrimination and provide an example of price discrimination you have observed or read about.
Explain a situation you have observed (or read about) in which a firm made a decision considering irrelevant costs or did not consider relevant costs. What was the outcome of the decision, and what could have been done differently?
Provide an example of cultural insensitivity of any kind that you have seen, read about, or could imagine.
1. Give an example of a good or service that is commonly sold using second-degree price discrimination, and one that is commonly sold using third-degree price discrimination, besides the ones mentioned in the lecture and textbook. Be sure to provide enough information about how these goods are sold to make it clear that they are valid examples. 2. Using at least one graph, explain how it is possible that firms in a monopolistically competitive industry can have monopoly power, yet...
What is the difference between microeconomics and macroeconomics? Provide an example of each. Price discrimination. How can this be a good thing for you personally? Illustrate (draw) and explain the Laffer Curve. Where are we currently as a nation (in your opinion) on the Laffer Curve?
Provide an example a type of discrimination that will not eventually be eliminated by competition in a market. Explain why this particular type of discrimination may persist over time 2. Provide an example a type of discrimination that will not eventually be eliminated by competition in a market. Explain why this particular type of discrimination may persist over time 2.
What example of effective or ineffective price discrimination do you see online or in a community? Explain why the monopolist chooses to follow this business strategy.
1. Monopoly and price discrimination: (a) What is the profit maximization condition for a (single-price) monopolist in the short-run? How about in the long-run? Is it efficient to have monopoly in the society? Why or why not? When does the government allow monopoly? (b) If a monopolist is allowed to price-discriminate, what are the three broad categories of discrimination? Explain each one of them with example.
Provide an example of at least one barrier you have observed that has negatively impacted the translation of evidence. How might the barrier be eliminated?
1.) An example of price discrimination is the price charged for: A. a postage stamp. B. movie tickets that offer lower prices for children. C. an economics textbook at a campus bookstore. D. none of these. 2.) For a monopoly to successfully price discriminate, its customers must: A. feel that the product is a necessity. B. have identical demands. C. be able to resell the product. D. not engage in arbitrage.
Please draw the graph and provide a detailed explanation. Thank you! (a) Graphically illustrate and explain a firm engaging in intertemporal price 7. discrimination., (b) Graphically illustrate and explain a firm engaging in peak-load pricing. (a) Graphically illustrate and explain a firm engaging in intertemporal price 7. discrimination., (b) Graphically illustrate and explain a firm engaging in peak-load pricing.