Explain the practise of price discrimination and discuss whether you think that price discrimination is good...

Explain the practise of price discrimination and discuss whether you think that price discrimination is good or bad for the economy?

Expert Solution

Rahul Sunny answered 1 year ago

discuss whether price discrimination is efficient. And then discuss another example of price discrimination and whether...

discuss whether price discrimination is efficient. And then discuss another example of price discrimination and whether you think it is appropriate.

Explain whether or not the following are examples of price discrimination.

Explain whether or not the following are examples of price discrimination.a. A cell phone carrier offers unlimited calling on the weekends for all of its customers.b. Tickets to the student section for all basketball games are $5.c. A restaurant offers a 20% discount for customers who order dinner between 4 and 6pm.d. A music store has a half-price sale on last year’s guitars.e. A well-respected golf instructor charges each customer a fee just under the customer’s maximum willingness to pay...

Discuss whether you think precious metals are a good investment or not and why?

Explain whether or not you think that a Pigovian gas tax is a good option for...

Explain whether or not you think that a Pigovian gas tax is a good option for internalizing externalities associated with transportation. Consider economic, social and environmental factors

Briefly discuss the challenges associated with price discrimination. Could it be viewed as a socially "good"...

Briefly discuss the challenges associated with price discrimination. Could it be viewed as a socially "good" thing from the consumer's viewpoint?

Explain a time you encountered non-uniform pricing, or price discrimination. Identify the type of price discrimination...

Explain a time you encountered non-uniform pricing, or price discrimination. Identify the type of price discrimination it was. Using the criteria necessary for price discrimination, evaluate how well that good fit price discrimination. Finally, evaluate the effect such price discrimination has on you and society. Your journal entry must be at least 200 words in length. No references or citations are necessary.

Discuss the concept of price discrimination. What are the types of price discrimination? Why do certain...

Discuss the concept of price discrimination. What are the types of price discrimination? Why do certain firms with market power use price discrimination? Any real-life example of firms practicing price discrimination.

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

Explain the different types of price discrimination. Then identify a real-world example of price discrimination (preferably...

Explain the different types of price discrimination. Then identify a real-world example of price discrimination (preferably not one from the unit lesson), and explain which type of price discrimination it is. Next, using the good from your own chosen price discrimination as an example, illustrate how the good fits the criteria necessary for successful price discrimination. Finally, discuss how the price discrimination example leads to an increase in total benefit to society. Include in your discussion an evaluation of the...

Explain the issue of “omitted skill variables” in relation to wage discrimination. Explain why you think...

Explain the issue of “omitted skill variables” in relation to wage discrimination. Explain why you think this is or is not an important.

Question