Define the three types of price discrimination


Discussion:

1. Define the 3 types of price discrimination and explain why 1st degree discrimination is very difficult to practice. Provide 1 example where a form of 1st degree discrimination is practiced.

2. Explain the conditions necessary for a firm to practice 3rd degree price discrimination and using airline conditions as examples.

3. Wall-Mart offers to match the price of any competitor. Why is this guarantee not necessarily a benefit to consumers?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Define the three types of price discrimination
Reference No:- TGS01848566

Expected delivery within 24 Hours