--%>

Illustrates the conditions of price discrimination

Illustrates the conditions of price discrimination?

E

Expert

Verified

Three types of conditions to be satisfied to apply the price discrimination are there as follows:

1. There should be more than one separate market

2. The markets should have various elasticity of demand

3. The market must be therefore no buyer of the market may enter another market and vice versa.

   Related Questions in Managerial Economics

  • Q : What is Demand Forecasting What is

    What is Demand Forecasting?

  • Q : Fundamental goal of maximizing in firms

    Economists suppose that firms hire labor to further a fundamental goal of maximizing: (1) economic profit. (2) workers’ welfare. (3) economy-wide employment. (4) managerial compensation. (5) the total value of output.

  • Q : Shifting of market for productivity

    When the U.S. soybean market is primarily in equilibrium on S0D0, and in that case a new fertilizer raises farm productivity and concurrently, foreigners are permitted greater access to U.S. soybean, there the market shifts to: (

  • Q : Reason of an unexpectedly good

    An unexpectedly good agricultural harvest because of the: (w) profits of most speculators to soar. (x) population growth rate to accelerate. (y) market demand and price to increase. (z) quantity of food demanded to develop. I need

  • Q : Difference between economics and

    What is the difference between economics and managerial Economic?

  • Q : Managerial slack and x-inefficiency A

    A firm along with extreme managerial slack (i.e., X-inefficiency) can best survive when, it: (1) maximizes its economic profits. (2) spends large amounts on marketing and advertising. (3) has important market power and faces little potential competiti

  • Q : Illustrates the term variable cost

    Illustrates the term variable cost?

  • Q : Phases of business cycle explain the

    explain the different phases of business cycle

  • Q : Earning difference in average wages In

    In 2007 year, relative to men along with comparable education and experience, working women earned average wages which were roughly: (w) 25%-35% of the average wages for men.. (x) 70%-80% of the average wages for men. (y) 80%-90% of the average wages

  • Q : States the Demand Forecasting in terms

    States the Demand Forecasting in terms of production?