Why are first and second-degree price discrimination

Assignment Help Microeconomics

Reference no: EM13714455

(a) Why are first and second-degree price discrimination less common than third-degree price discrimination? (b) Are lower airline fares at midweek an example of third-degree price discrimination? (c) Under what conditions would it not be useful to charge different prices in different markets (i.e. practice third-degree price discrimination) even if possible?

Reference no: EM13714455

Questions Cloud

Determine the orbital radius of a satellite : Determine the orbital radius of a satellite orbiting a hypothetical planet which has a period of rotation of 19.4 hours and a mass of 6.40E+25 kg

The owner of a fast-food restaurant : You are the owner of a fast-food restaurant. Given a new item that you recently advertised, you experience additional demand for your business that you do not want to ignore. Identify your fixed and variable costs at your fast-food restaurant,..

What is its mean distance from the sun : The asteroid Davida orbits the Sun like the other planets. Its period is about 2060 days. What is its mean distance from the Sun

A small producer of milk and cheese : The Dairy Farm Company, a small producer of milk and cheese, has estimated the quantities of milk and cheese that it can produce with three levels of total expenditures or total costs. These are indicated in the following table. If the price of..

Why are first and second-degree price discrimination : (a) Why are first and second-degree price discrimination less common than third-degree price discrimination? (b) Are lower airline fares at midweek an example of third-degree price discrimination?

Find the speed of the plane such that the plane : A satellite moves in a circular earth orbit that has a radius of 9.73 x 106 m. A model airplane is flying on a 13.7-m guideline in a horizontal circle. Find the speed of the plane such that the plane and the satellite have the same centripetal acce..

Find the minimum number of revolutions per minute necessary : In an amusement-park ride, riders stand with their backs against the wall of a spinning vertical cylinder. Find the minimum number of revolutions per minute necessary

What is the magnitude a of resultant acceleration of a point : An electric ceiling fan is rotating about a fixed axis with an initial angular velocity magnitude of 0.210rev/s. What is the magnitude a of the resultant acceleration of a point on the tip of the blade at time t = 0.196s

User Account

All Pages