Describe a product that you are familiar with
Course:- Microeconomics
Reference No.:- EM13795683

Assignment Help
Assignment Help >> Microeconomics

Read the Price Discrimination article and write a 3-5 page paper in which you do the following:

Describe a product that you are familiar with and outline its market structure.

Using at least one of the techniques described in the article, discuss how you would price the product in order to maximize profits.

Explain how the pricing technique affects the supply, demand, and profit of each segment of your market.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
A bank has excess reserves of $400,000 and makes a new loan for $50,000. If the bank faces a 25% required reserve ratio, by how much will the money supply increase when the lo
What happens to the student's budget line? Illustrate the change with new books on the vertical axis. Is the student worse off or better off after the price change. Explain.
What is the monopolist's profit-maximizing level of output - what price will the profit-maximizing monopolist charge and how much profit will the monopolist make if she maximi
What services does the firm oiler, what document or procedure do you use to collect the costs of services per formed for each customer and how to assign the cost of direct la
Suppose that marginal util- ity of Good X = 100, the price of X is $10 per unit, and the price of Y is $5 per unit. Assuming that the consumer is in equilibrium and is consu
Price elasticity of demand for stock is 1.5. This means that foe every 10% increase in stock prices, the quantity demanded will decline by 15 %. Does this make sense? Explai
Teton National Park in Wyoming In addition to uncovering the marginal benefit to visitors from a given number of trips, the researchers also considered how the population of b
The Business Cycle is the short-term fluctuations in the economy relative to the long-term trend in output; the recurring and fluctuating levels of the GDP growth rate over ti