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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
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∙ 11y ago
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Price discrimination is indistinguishable from dumping?
Price discrimination is indistinguishable
Why would a firm practice price discrimination?
price discrimination allows companies to defend
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.
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.
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
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.
Discrimination is best described as unfair treatment of others based primarily on?
Discrimination is best described as the unfair or unequal treatment of individuals or groups based primarily on characteristics such as race, gender, age, religion, sexual orientation, or disability. This unfair treatment can result in negative consequences such as exclusion, prejudice, or unequal opportunities.
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.
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.
Price discrimination is prima facie evidence of what economic condition?
monopoly
Under which conditions is price discrimination possible?
discriminating possible and profiable
