What conclusions does Gary Becker draw about the possibility of discrimination still occurring in the long...

What conclusions does Gary Becker draw about the possibility of discrimination still occurring in the long run? What might be some explanations for discrimination still taking place today?

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Expert Solution

The concept of Gary becker related to the price discrimination policies is within the framework of the market contact related to the analysing the circumstances and the situations of the product manufactured within the guideline and the pricing policies of the main concern and the competitive forms in the market.

His analysis is totally based on the extent and the proportion of market establishment under the different grading of the product.

Price discrimination is a policy where the price is decided according to the product and services availed by the consumer and therefore his analysis is based on the nature of the consumer in relation with some invisible factor which is equally applicable in the market concept.

The psychological behaviour also plays an important role in the establishment of the pricing policies in different grades of the commodities.

The values and the profit analysis is on the basis of how many levels you are following in the establishment of pricing policies for a particular product in relation to the competitors in the market.

Yes, it is true that the discrimination policy is still taking place in today's scenario and it is increasing very fast in the day to day market activities because it is a good policy to increase the revenue of the firms in the market and therefore all the business houses are in a favour of great the goods as per the pricing discrimination policy.

Rahul Sunny answered 1 year ago

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