What is third degree price discrimination
Question 1: What did the USA do (like other countries as well) after the first "oil price shock" to become more independent from the OPEC oil?
Question 2: What is "Third Degree Price Discrimination"? Name a practical example.
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What's the impact of this on the revenues of the networks and why?
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What is "Third Degree Price Discrimination"? Name a practical example.
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Discuss the statistical significance of the parameter estimates a,b,c, and d using the p-values. Are the signs of b, c, and d consistent with theory of demand?
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