Why does government bans price discrimination

Reference no: EM131826799

Question: 1. Who probably has more elastic demand for a Hertz rental car: someone who reserves a car online weeks before a trip, or someone who walks up to a Hertz counter after he walks off an airplane following a 4-hour flight? Who probably gets charged more?

2. When will a monopoly create more output: when it is allowed to and can perfectly pricediscriminate or when the government bans price discrimination?

Reference no: EM131826799

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