Price Discrimination Describe a few examples, different from those in the textbook, where you observed or...

Price Discrimination
Describe a few examples, different from those in the textbook, where you observed or experienced price discrimination.
Explain the circumstances surrounding your price discrimination examples and discus the factors that made it possible.
How might a pricing strategy utilizing price discrimination help or hurt your business? Explain with detail and examples.

Expert Solution

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.

Give two examples of where you have seen price discrimination and explain why they are examples.

Direct price discrimination is a pricing strategy where different price is charged for different customers over...

Direct price discrimination is a pricing strategy where different price is charged for different customers over the same goods and or service. This can be done for example when a Barber charges higher to higher income people and lower to lower-income people. Indirect price discrimination is when consumers are given price options allowing them to choose what suits them the best. A perfect example is when customers but different types of burgers at McDonald’s depending on their income. Direct price...

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The textbook implies that those born into homes with few resources are likely to stay in...

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

describe a situation where a seller is using price discrimination be sure a. state the product...

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