Context
The idea that transactions in a marketplace work like an
invisible hand is to some extent the idea that when a person
chooses to buy an item at a given price, they are happy with the
deal. There is no coercion. If the person really does not like the
deal, they simply walk away.
This week's discussion will give you an opportunity to explore
direct and indirect price discrimination within the context of a
hypothetical scenario.
Instructions
For this...