price crimination, Microeconomics

Assignment Help:
(i) Define the three types of price discrimination, clearly stating the different
information requires of each type of discrimination.
(ii) Find a real-world example of second-degree price discrimination. Describe the
important aspects of your example in detail and analyze it using economic theory. In
particular, how does the producer discriminate between the types of consumers – that
is, how does the producer get the consumers to reveal their private information (their
type)?
(iii) What are the welfare implications of the discrimination in your example? Is there
a potential role for government to regulate the practice?

Related Discussions:- price crimination

Hybridization, What is Hybridization? Atomic orbitals can be combined, ...

What is Hybridization? Atomic orbitals can be combined, in a process called hybridization in chemistry , to describe the bonding in polyatomic molecules. Descriptions of the b

Assignment, Illustrate and discuss the impliction of various market structu...

Illustrate and discuss the impliction of various market structures(competitive and non-competitive)

Survey methods, Survey Methods: The most direct method of forecasting dema...

Survey Methods: The most direct method of forecasting demand in the short run is survey method. Surveys are conducted to collect information about future purchase plans of the

Theory of production, when total production fall what,s the status of avera...

when total production fall what,s the status of average product and marginal product

What do you meant by deficit, Q. What do you meant by Deficit? Deficit:...

Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A

Production function, Your firms production function : Q=4K^1/2L^1/2 Suppos...

Your firms production function : Q=4K^1/2L^1/2 Suppose that the price of labor is $5 and the price of capital is $20. Your firm desires to produce 200 units of output. How much

Consider an upstream firm in russia that mines iron, Consider an upstream f...

Consider an upstream firm in Russia that mines iron ore at a total cost of $15 q , where q is the number of tons of ore. This upstream firm then ships ore to Germany for processi

Money multiplier, Should the bank not have anyone to lend the demand deposi...

Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?

Describe the income and cross elasticity of demand, Problem: a. With th...

Problem: a. With the help of diagrams, describe how the price and quantity of potatoes will change under the different circumstances: (i) A severe drought affecting its pro

Division of labour, Division of labour: Division of labour involves divi...

Division of labour: Division of labour involves dividing a production process into a number of smaller tasks for each task to be undertaken by a different worker. It may also be

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd