Types of price discrimination, Microeconomics

Assignment Help:

First Degree Price Discrimination - The monopolist sells different units of the commodity at different prices which differ from person to person.

Second Degree Price Discrimination - The monopolist sells different units of the commodity at different prices. The distinction from the first case is that the people buying the same amount of the commodity pay the same price. Bulk discounts are an example of this practice.

Third Degree Price Discrimination - In this case different prices are charged to different people. But for each person each unit of the commodity costs the same. An example of this is the discounts given to students or senior citizens.


Related Discussions:- Types of price discrimination

What is greened gdp, Why has it been difficult to produce a single estimate...

Why has it been difficult to produce a single estimate of an environmentally adjusted or "greened" GDP? What are the two approaches that can be used to put a value on environmental

Supply and demand, Suppose scientists discover that eating soybeans prevent...

Suppose scientists discover that eating soybeans prevents cancer and heart disease. What effect would you predict on the price of soybeans?

Compute marginal cost and average total cost, 1.  What is the relationship ...

1.  What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2.  Define economies of scale and e

Mass, what is the mass of a body when it is taken to the moon

what is the mass of a body when it is taken to the moon

Total revenue curve, draw the total revenue curve and the total cost curve ...

draw the total revenue curve and the total cost curve showing the profit maximizing level

Oxidation, what is oxidizing agent

what is oxidizing agent

Private returns versus social returns, Private Returns Versus Social Return...

Private Returns Versus Social Returns As there is subsidisation of education by the state in all countries (and a little higher subsidisation in developing countries) it happe

Chemical combination, Draw a diagram to show the type of bond between two f...

Draw a diagram to show the type of bond between two flourine atom

Explain features of outward-oriented and inward-oriented, The main features...

The main features of outward-oriented and inward-oriented development strategies. Inward- oriented as focus on reducing domestic reliance on imports by executing high barrier

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