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.
Effective price discrimination can be practised by a physician who knows the income and elasticity of demand of his patients . He can charge different fees from different people . Price discrimination is ineffective in some cases , such as in case of seasonal discounts in flight tickets . Some people avail these seasonal discounts and buy tickets in bulk for the whole year . So he can travel with a lower priced ticket even when tickets are costly in peak season . Higher prices are only paid by people who face emergency or unplanned travel situations .
Monopolist like a physician in a community knows that there is no substitute physician present , so people have highly inelastic demand . People belonging to higher age group will have more ailments and hence more inelastic demand than people who are relatively younger , so this physician price discriminates in order to maximize producer surplus by extracting as much consumer surplus as possible .
What example of effective or ineffective price discrimination do you see online or in a community? Explain why the monop...
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.
1.Explain price discrimination and provide an example of price discrimination you have observed or read about.
What is total market strategy, and why do marketers use this approach? Provide a recent example of a product or service that uses the total market strategy approach and discuss the components that make it effective or ineffective.
Do you see the community as a stakeholder in every community project? Why or why not?
4. If a monopolist can practice third degree price discrimination, what group gets a lower price and why? [Aim for around 200 words] 5. What is a natural monopoly? Do you think that pharmaceutical drugs fit this description? Why or why not? [Aim for around 200 words]
what do you see as racial and ethnic discrimination in US healthcare?
Question: Discuss the team dynamics for a highly effective or ineffective team of which you were a member. Can you explain why the team performed so well or so poorly? Please DO NOT copy-paste from other sources. The answer will be checked for plagiarism. Thank you!!!
1. What is price discrimination and why is i possible? 2. Explain the following: a. substitution effect b. income effect c. diminishing marginal utility
What do you regard as the most pressing questions HRM should tackle? Why do you see them as most urgent? Online discussion on why “Context” is important.
What do you see as the benefits of online courses? What are the drawbacks and complications created by online rather than live, face to face courses?