Discuss at least 1 pricing practice that is illegal or unethical

Q: Differentiate geographical pricing from psychological pricing.

A: Pricing is the process of determining a manufacturer's worth in exchange for their goods and…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: how does advertising affect price elasticity?

A: It is difficult to predict consumer demand, which fluctuates frequently. Economists use the word…

Q: According to the CEO of Turing Pharmaceuticals, what would he have done to the price of Daraprim if…

A: The controversy surrounding Turing Pharmaceuticals, particularly its pricing strategy for the drug…

Q: Supplier Set Price Versus Market-Determined Price: Collusion or Competition?

A: In an economy, there can be two types of markets such as competitive and anti-competitive market.…

Q: What factor determines how many segments to divide your demand in for group pricing?

A: ‘Price discrimination’ is one type of ‘pricing strategy’. In this strategy different price(P) is…

Q: What is value-of-service pricing? Is this approach to pricing valid today?

A: The firm can choose various pricing strategies in order to maximize profit. The pricing strategy…

Q: How does price discrimination play a role in the economy?How does the idea of price discrimination…

A: Price discrimination is the pricing strategy (usually practiced by a monopolist) whereby the…

Q: Darnell and Janet are debating the use of coupons by grocery stores. Darnell says, "The use of…

A: Coupons are indeed most effective to price discrimination. Companies set a high price of the product…

Q: how markup pricing can be helpful to managers to make the firm earn the maximum amount of profit…

A: Markup pricing is a way of calculating the price of a product or service by combining all of the…

Q: what are pricing tactics and examples? What are some forms of price discriminations?

A: Some of the major types of pricing tactics: 1-Discounting: Discounts are price reductions based on…

Q: Examine the various types of price discrimination and explain how they can benefit consumers and…

A: Forms of price discrimination:- 1) First degree price discrimination:- When a vendor ask the utmost…

Q: Which of the following would not be considered price discrimination?     1 Long distance telephone…

A: Price discrimination is a selling technique that charges clients various prices for a similar item…

Q: What economic formula or graph does the Anti-Trust Department follow before they decide to break up…

A: Normative economics deals with what should happen or what ought to be.

Q: What is predatory pricing?

A: Predatory Pricing: It is an act of the dominant firm in setting the price of goods and services…

Q: How might advertising lead to a shift in the demand curve

A: Demand curve is a downward sloping curve that depicts the negative relationship between the price of…

Q: Suppose you were asked to manage a golf course that was currently charging a uniform price.  Would…

A: In considering whether to maintain a uniform price or switch to a two-part pricing plan for the golf…

Q: Use a detailed example to discuss the definition and rationale of Price Discrimination.

A: A pricing approach known as price discrimination charges customers varying rates for the same goods…

Q: Use an example to discuss the definition and rationale of Price Discrimination

A: The term 'price discrimination' is used in economic study when consumers and sellers interact with…

Q: Which of the following is NOT a condition necessary for price discrimination?   a.The product…

A: Price discrimination refers to the practice of charging different prices to different customers for…

Q: What could be some types of discriminatory pricing policies?

A: In an economy, price discrimination can be practiced by the anti-competitive firm because he has the…

Q: How does monopoly effect the pharmaceutical industry?

A: Monopoly is a market structure in which a single seller or a group of sellers has complete or nearly…

Q: You are a manager of a monopolistically competitive firm that is currently charging a price of $5…

A: Pa=$5, this is the optimal cost or price of advertising one unit of the goods produced by the firm.…

Q: Why is price stability difficult to achieve inonline and global marketing?

A: Our economy performs best when prices are stable. That means we must guard against either too low or…

Q: example of price discrimination that you have experienced ? is this price diesccrimination…

A: Price discrimination is defined as a strategy on pricing that is different prices are imposed for…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: How can a firm successfully undertake price discrimination

A: Price discrimination is charging different prices for the same good or service.

Q: a) Why does TRUVADA cost $1,780 in the United States whereas it's just $8 in Australia? b) Can you…

A: Price discrimination refers to the situation when the producer or the seller sells the same product…

Q: know how to plot graph and explain price discrimination

A: The price discrimination is the practice of charging different price from different consumers for…

Q: Do you think price discrimination a socially acceptable or unacceptable practice and why?

A: Price discrimination could be a promoting approach during which a trafficker charges varied costs…

Q: An international airline in Ghana ,Emirates ,estimates that the price elasticity of demand for…

A: The price elasticity of demand measures the responsiveness of quantity demanded to a change in…

Q: What conditions should exist for price discrimination. [

A: Price discrimination refers to when a seller with market power can charge different consumers…

Q: What is the maximum profit for individual pricing

A: Total revenue is a term used frequently in economics and finance which refer to the receipts…

Q: What is the time when the price discrimination is profitable?

A: Price discrimination refers to the practice of sellers to charge different prices from different…

Q: What is price discrimination and when does it work?

A: Price discrimination is an act of charging different prices for the same product to different…

Q: Hersheypark in Pennsylvania mentions the following offer on its Web page: “A military discount is…

A: This can be described as the concept that a producer or seller offers its commodity or service at…

Q: please provide me some advantages and disadvantages of short term pricing policies

A: The term Price refers to a function of the marketing mix. Pricing is the particular value of a good…