Suppose a firm is charging $8 for the first six-pack of cola and $4 for the second six-pack of cola. This firm is using Multiple Choice third-degree price discrimination. first-degree price discrimination. second-degree price discrimination. first-, second- and third-degree price discrimination.
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Suppose a firm is charging $8 for the first six-pack of cola and $4 for the second six-pack of cola. This firm is using
Multiple Choice
-
third-degree
price discrimination . -
first-degree price discrimination.
-
second-degree price discrimination.
-
first-, second- and third-degree price discrimination.
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- Define price discrimination. Give two examples of price discrimination. How does perfect price discrimination affect consumer surplus, producer surplus and total surplus?indirect price discrimination. Discuss the grocery store coupon market and explain why the grocery stores can use price discrimination in this situation.Q3) How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give anexample.
- Some pizza joints charge more for delivered pizza than if customers pick up the pizza at the restaurant. Explain how this might be an example of third-degree price discrimination and provide another explanation for this pricing difference other than price discrimination.Suppose that the only theater in town has successfully had the following pricing system for years: seniors pay $5, children under 12 years old pay $4, local students pay $6, veterans pay $7, and all other adults pay $8. According to price discrimination theory, which group has the greatest price elasticity of demand? Students Seniors Veterans Children under 12 years old AdultsHersheypark in Pennsylvania mentions the following offer on its Web page: “A military discount is available at Hersheypark during the regular summer operating schedule off of the Regular, Junior and Senior One Day admission. This discount is available to active duty military, reserves, retired military personnel, and members of the National Guard.” This is _____ price discrimination.
- Suppose that Jawa Timur Park offers a discount on admission to residents of Batu. What kind of price discrimination is this? What does this imply about the elasticity of demand for Jawa Timur Park attractions by Batu?Q3) How is peak-load pricing a form of price discrimination? Give anexample.1) What kind of consumer behavior is second-degree price discrimination based on? Need relevant examples. 2) Explain the role of price elasticity of demand in applying third-degree price discrimination.Use appropriate graphs to support the case.
- A firm practices third-degree price discrimination. With the aid of a graphical illustration, explain the firm’s pricing strategy to maximise profits.Questions 1 Please explain briefly the key characteristics of the following concepts a) first-degree price discrimination b) second-degree price discrimination c) third-degree price discriminationDescribe price discrimination. Give examples Explain the conditions which make price discrimination effective.