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>Firstly there should not be any close substitutes available, because then people
might use them instead. So price discrimination can occur in monopoly
>Secondly the producer must keep the market separate, so that no resale of the
product is possible
>Thirdly two markets with different elasticity of demand. Price discrimination is
successful when costs do not rise when selling on different markets
What else can I help you with?
Price discrimination is indistinguishable from dumping?
Price discrimination is indistinguishable
Why would a firm practice price discrimination?
price discrimination allows companies to defend
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.
How would price discrimination benefit you?
If you were the recepient of the increased prices.
Price discrimination is indistinguishable from dumping?
Price discrimination is indistinguishable
Why would a firm practice price discrimination?
price discrimination allows companies to defend
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 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
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 is unfair assumptions?
Unfair assumptions are generalizations or judgments made about individuals or groups without valid evidence or reason. These assumptions can lead to prejudice, bias, and discrimination, and can have negative impacts on relationships and society as a whole. It is important to challenge unfair assumptions and promote understanding and empathy towards others.
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.
What does encountering prejudice and discrimination mean?
Out of the many definitions of discrimination, the one you are probably thinking of is the treatment or consideration of, or making a distinction in favor of or against, a person or thing based on the group, class, or category to which that person or thing belongs rather than on individual merit: racial and religious intolerance and discrimination. The kind of prejudice you are thinking about is the kind where people make assumptions about other people based on superficial characteristics and then proceed on the basis of those assumptions without ever reconsidering them. Encountering prejudice or discrimination is running into people who think in this way.
How would price discrimination benefit you?
If you were the recepient of the increased prices.
What are the three degrees of price discrimination?
The three degrees of price discrimination are: First-degree price discrimination (or personalized pricing) occurs when a seller charges each consumer the maximum price they are willing to pay, capturing all consumer surplus. Second-degree price discrimination involves charging different prices based on the quantity consumed or the product version, such as bulk discounts or premium pricing for higher-quality options. Third-degree price discrimination occurs when prices vary based on identifiable characteristics of different consumer groups, such as age, location, or time of purchase, like student or senior discounts.
Assumptions of perfect competition?
this is a technical term which is used for no firm and consumer can directly affect the market price. Assumptions are: large no's of buyers and sellers. price taker price minimum perfect information homogeneous product perfectly elastics free entry or exits no transportation cost.
