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Explain the different types of price discrimination. Then identify a real-world example of price discrimination (preferably not one from the unit lesson), and explain which type of price discrimination it is. Next, using the good from your own chosen price discrimination as an example, illustrate how the good fits the criteria necessary for successful price discrimination. Finally, discuss how the price discrimination example leads to an increase in total benefit to society. Include in your discussion an evaluation of the effects on people paying the higher price and the effects on people paying the lower price.
Robert was running low on cash and could not buy his Marketing textbook by the first day of class if the bookstore did not accept his credit card. Luckily, the bookstore accepted his VISA card, so the bookstore created __________ utility for Robert.
Think of a company that has provided great customer service to you recently. What did it do? How did it go beyond what you expected? What do companies have to do to get employees to deliver such service?
Larry Bush, was on his second audit job on the East Coast with a new client called FSK. He was looking through the past four years of financials and doing a few ratios when he noticed something odd. Bush discovered that the company was clearing the r..
Write the equation and draw a graph for Mary's budget constraint if she does not receive the welfare basket.
Analyze a two-period model for the market of computers in which two firms operate. Firm 1 only produces in period 1 and is endowed with an old technology providing a quality level vO to consumers.
Which currency appreciates? Which depreciates? Explain.
Draw the diagram for a firm in long run equilibrium in monopolistic competition. What role do economic profits and losses play in getting the firm to this point?
From the following analogies, select the one that best captures Chairwoman Ramirez’ vision of the FTC’s proper role in the USA’s market based economy.
If advertising has positive externalities that benefit the industry as a whole, is it possible for an incumbent to use advertising in a strategic manner to deter entry? Will the incumbent set advertising levels higher or lower than the efficient l..
List the title, the organization, and the URL. Briefly describe what is in the baseline. Note: Not all sources use the term baseline.
The mission statement for Quaker Oats cites its origins, “inspired by the power and wholesome goodness of the amazing oat.” Frito-Lay looks a little more to the present, citing its mission “To be the world’s favorite snack and always within arm’s rea..
Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the United States?
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