Give a real life example of the third-degree price discrimination. How the consumers are selected into...

Give a real life example of the third-degree price discrimination. How the consumers are selected into one or another price group. Explain, which of the group of the consumers has a more elastic demand, and why.

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Rahul Sunny answered 2 years ago

Price discrimination Give a real life example (2 examples) of the third-degree price discrimination (different from...

Price discrimination Give a real life example (2 examples) of the third-degree price discrimination (different from anyexamples in the lecture or in textbook). How the consumers are selected into one or another price group. Explain, which of the group of the consumers has a more elastic demand, and why.

Provide an example of price discrimination and classify it as first-degree, second-degree or third-degree price discrimination.

Provide an example of price discrimination and classify it as first-degree, second-degree or third-degree price discrimination

A monopolist practicing third degree price discrimination has two types of consumers.

A monopolist practicing third degree price discrimination has two types of consumers. Type 1 have an elasticity of demand of 2, and Type 2 have an elasticity of demand equal to 5. Which of the following is true?

4. Define first degree price discrimination, second degree price discrimination, and third degree price discrimination. Provide...

4. Define first degree price discrimination, second degree price discrimination, and third degree price discrimination. Provide an example of each.

What is second degree price discrimination and third degree price discrimination? Explain with examples.

4. What is second degree price discrimination and third degree price discrimination? Explain with examples. 5....

4. What is second degree price discrimination and third degree price discrimination? Explain with examples. 5. Compare the three types of market structure: perfect competition, monopoly and monopolistic competition. 6. Explain Giffen goods and Veblen goods and their similarities and differences in terms of price and income elasticity of demand. 7. Explain the cobweb model. 8. Explain how the elasticity of demand affects the revenue of the seller. 9. Explain the relationship between the marginal cost curve of an individual...

2. Student pricing at the movie theater is a common example of third degree price discrimination....

2. Student pricing at the movie theater is a common example of third degree price discrimination. What is it about students, as compared to everyone else, that makes movie theaters want or need to charge them a lower price? Why is it important for movie theaters to make students show their IDs? Additionally, suppose a student could buy as many tickets as they wanted with their ID. How might that limit the theater’s ability to charge two drastically different prices...

Student pricing at the movie theater is a common example of third-degree price discrimination. What is...

Student pricing at the movie theater is a common example of third-degree price discrimination. What is it about students, as compared to everyone else, that makes movie theaters want or need to charge them a lower price? Why is it important for movie theaters to make students show their IDs? Additionally, suppose a student could buy as many tickets as they wanted with their ID. How might that limit the theater’s ability to charge two drastically different prices for students...

Define price discrimination. Explain the difference between first-degree and third-degree price discrimination with two examples of...

Define price discrimination. Explain the difference between first-degree and third-degree price discrimination with two examples of each. Your answer will not be complete without two examples of each. Provide your answer here. DO NOT TRY TO COPY/PASTE YOUR ANSWER.

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