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Price wars are prima facie evidence of what economic market?
Oligopoly
Price discrimination is indistinguishable from dumping?
Price discrimination is indistinguishable
Why would a firm practice price discrimination?
price discrimination allows companies to defend
Which economic condition would most likely cause the price of a product to rise?
scarcity
What is pricing discrimination?
Price discrimination is the practice of charging the highest price to different consumers. This is so that the firm can maximize the revenue it receives for the goods it produces. Price discrimination is mainly for markets that are monopolistic, or oligopolistic. In these kinds of markets the firm has to decrease price in order to sell more of the good because they are the only supplier. Because of this marginal revenue is derived from the demand but the profit maximization condition is still marginal cost equals marginal benefits but marginal benefits does not equal the demand curve. The firm wants to price discriminate in order to avoid the decreased revenues because of the lost revenue because they have to decrease prices to get more consumers. One of the biggest problems in practicing price discrimination is that the firm needs perfect information in order to maximize the returns to price discrimination. Finding this information could be very costly to obtain, or could be realistically impossible to obtain.
What is the evidence of price discrimination at a local bar called the Stabilizer?
Which would be evidence of price discrimination at a local bar called the Stabilizer
Price wars are prima facie evidence of what economic market?
Oligopoly
Price discrimination is indistinguishable from dumping?
Price discrimination is indistinguishable
Economic condition in which the price of goods and services drops?
Deflation by: Andrea Burke
Why would a firm practice price discrimination?
price discrimination allows companies to defend
What has the author Morten Hedegaard written?
Morten Hedegaard has written: 'The price of prejudice' -- subject(s): Economic aspects, Discrimination in employment, Prejudices
Which economic condition would most likely cause the price of a product to rise?
scarcity
What is fast food level of price discrimination?
Price discrimination is when the identical fast food item is sold for a different price depending on which store you purchase from. Typically, the level of price discrimination is higher from state to state and about the same for stores located in the same city.
What is pricing discrimination?
Price discrimination is the practice of charging the highest price to different consumers. This is so that the firm can maximize the revenue it receives for the goods it produces. Price discrimination is mainly for markets that are monopolistic, or oligopolistic. In these kinds of markets the firm has to decrease price in order to sell more of the good because they are the only supplier. Because of this marginal revenue is derived from the demand but the profit maximization condition is still marginal cost equals marginal benefits but marginal benefits does not equal the demand curve. The firm wants to price discriminate in order to avoid the decreased revenues because of the lost revenue because they have to decrease prices to get more consumers. One of the biggest problems in practicing price discrimination is that the firm needs perfect information in order to maximize the returns to price discrimination. Finding this information could be very costly to obtain, or could be realistically impossible to obtain.
What has the author Harry L Shniderman written?
Harry L. Shniderman has written: 'Price discrimination in perspective' -- subject(s): Price discrimination
How many types of price discrimination under monopoly?
There are three main types of price discrimination under monopoly: first-degree, second-degree, and third-degree. First-degree price discrimination involves charging each consumer their maximum willingness to pay. Second-degree price discrimination offers different prices based on the quantity consumed or product version, such as bulk discounts. Third-degree price discrimination segments consumers into different groups based on observable characteristics, charging each group a different price.
What are the advantages and disadvantages of price discrimination to consumers and producers?
An advantage to price discrimination to producers is that firms will be able to increase sales. A disadvantage to consumers is that it can cause things to cost more.
