Dominos offers all its customers 40% off any pizza if you order using the dominos app. This is an example of: Third degree price discriminationa direct pricing strategy of a monopolistic competitive firmFirst degree price discriminationSecond degree price discriminationPrevious

There are three degrees of price discrimination. In first degree, discrimination is to capture all…

Answered: Dominos offers all its customers 40%…

Business

Economics

Dominos offers all its customers 40% off any pizza if you order using the dominos app. This is an example of:

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter23: Monopoly

Section: Chapter Questions

Problem 9QP

See similar textbooks

Related questions

Q: Assume you are the CEO of a company that has invested $5 billion in a COVID vaccine, but the vaccine…

A: Given, Total amount already invested = $5 billion Expected sale = $3 billion Cost to complete the…

Q: According to the Centers for Disease Control and Prevention, a 40-year-old woman has a 15 in 10,000…

A: Insurance is an agreement in which an insurer repays one more against misfortunes from explicit…

Q: A particular road is used by N drivers each day. Each driver obtains a benefit v from the journey…

A: Given: The cost incurred is given by = c(N) = a + bN The agent decides not to use the road, they…

Q: In 2018, Spotify was available in many countries around the world. The same year, Spotify offered an…

A: Spotify offers a new deal for students only. In this deal they will get Spotify Premium, Hulu…

Q: Let g (D, y) be the profit when the order quantity is y and the demand is D. In the newsvendor…

A: Given information Profit function= g(D,y) here D=Demand y=order quantity

Q: Under which of the following conditions does Say's law apply more accurately?

A: Say's law- By this law, it is stated that supply creates its own demand.

Q: An accident caused by texting and driving is an example of a(n) ( Select]

A: In a market, there are various activities take place that results in market failure such as…

Q: Why is imperfect information a problem in market economies? Give a current example of how imperfect…

A: In economics, a market is considered as efficient when it is operated at the equilibrium level that…

Q: Suppose that you recently bought a new formal outfit for a dedication dinner at Union Station,…

Q: Throughout history and across different types of economy, households seek to minimize fluctuations…

A: Households tend to have a stable path of consumption throughout their lifetime.

Q: Hello can any one help with this Economics question: A contractor spends Dollar 3,000 to prepare for…

Q: Does energy independence increases or decreases scarcity.

A: Scarcity: The word scarcity refers to the situation when the availability of resources is not…

Q: Assuming that the company sells all that it produces, what is the profit function? P(x)= ? 2. What…

A: Profit refers to the difference between the total revenue earned and total costs incurred . Profit…

Q: After viewing the film Back to the Future, Matt takes a nap but has a disturbing dream. He sees…

A: In the short run, even though a firm is facing loss, it can continue the production if the price is…

Q: What is the importance of Matrices in mathematical economics?

A: Mathematical economics is an economic model that uses the principles and methods of mathematics to…

Q: Paying for sneakers using a credit card is an example of a person borrowing

A: A credit card refers to a thin rectangular piece of plastic or metal card issued by financial…

Q: Assume that one of your employees has recently tested positive for the AIDS virus. Although he is…

A: INTRODUCTION: AIDS VIRUS: Acquired immunodeficiency syndrome (AIDS) could be a chronic,…

Q: Consider the following scenarios:

A: Trade is defined as an economic concept which involves the buying and selling of goods and services…

Q: You are taking two courses this semester, biology and chemistry. You have quizzes coming up in both…

A: The marginal increase of marks in Chemistry for the first hour is 8 (73-65). The marginal increase…

Q: As a Welfare Economics student, comment on how the county dividend should be allocated.

A: Welfare Economics is the study of how resource distribution affects a society's economic well-being.…

Q: Mathematical methods for solving planning problems advanced rapidly in the early part of the 20th…

A: Mathematical methods for solving planning problems advanced rapidly in the early part of the 20th…

Q: Which of the following statements is false?

A: Different market structures are categorized on the basis of number of buyers and sellers, the types…

Q: ed a series of episodes involving country risk. Shell’s operations are centred in Nigeria’s Ogoni…

A: Shell is facing a problem from local land owner because as per them shell in turn makes more from…

Q: Does the Philips curve hold in the case of Pakistan

A: Philips curve explains the indirect relationship between unemployment and inflation. When there is…

Q: According to the textbook, the top-grossing movie of all time (adjusted for inflation) is

A: Due to inflation, the value of money will decline. Inflation adjustment helps to get the real value…

Q: A particular road is used by N drivers each day. Each driver obtains a benefit v from the journey…

A: This is a classic case of tragedy of the commons where the overuse of the common-pool resources in…

Q: Which of the following is not something that would typically motivate an entrepreneur to take a…

A: Introduction: An entrepreneur is a person who starts a new business and takes on most of the risks…

Q: What Is E-Reverse Auctions?

A: Auctioning is the mechanism by which a seller offers different potential customers some goods for…

Q: A new policy requires all automobiles to be equipped with side airbags. Assuming the airbags…

A: Here, it is given that a new policy is implemented, according to which all automobiles are required…

Q: Continue with the information above, but suppose the college suddenly announces that course fees are…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Profit is maximum when

A: To find : When will be profit maximum.

Q: Assume a market basket consisting of gasoline (10 gallons), milk (3 gallons), ground beef (6…

A: CPI is measured using fixed basket of goods.

Q: What is the Asch phenomenon and how domarketers utilize it?

A: Asch phenomenon refers to the phenomenon in which some people change their decision due to the…

Q: Bevan’s Cycles, a chain of bike shops that were early adopters of an online business model, are…

A: Below is the given information: The budget for 2 members of staff = £10000 The budget for 3 members…

Q: The past records of a factory using quality control methods show that on the average 4 articles…

Q: What is the importance of the phrase "Invisible hand" Introduced by Adam Smith in his book "The…

A: The distribution of resources emerges as a challenge to a society that is resources in a finite…

Q: When the covid-19 shock started in early 2020, supermarkets quickly ran out of toilet paper as panic…

A: Introduction Even though the country is progressively reopening in the midst of the coronavirus…

Q: A particular road is used by N drivers each day. Each driver obtains a benefit v from the journey…

A: It is a case of negative externality where an extra drive causes a disutility to the existing…

Q: At one point in time, cowrie shells were used as money. Group of answer choices 1. false 2. true

A: The term "cowrie" refers to a family of small to big marine snails. Cowries often have smooth,…

Q: Suppose that you recently bought a new formal outfit for a dedication dinner at Union Station,…

A: Marginal value is the marginal benefit over marginal cost. So, it is the benefit that is received…

Q: Unlike newspaper dispensing devices, soft drink dispensing machines do not permit people to take…

A: Utility refers to the satisfaction/benefit received by an individual/consumer consuming a product.…

Q: Again, suppose the first bill that is introduced mandates that security be improved so that the…

A: The production possibility curve refers to the downward sloping curve which is concave to the…

Question

Dominos offers all its customers 40% off any pizza if you order using the dominos app. This is an example of:

Third degree price discrimination
a direct pricing strategy of a monopolistic competitive firm
First degree price discrimination
Second degree price discrimination
Previous

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

know how to plot graph and explain price discrimination
what are some pricing tactics used by companies? What form of price discriminations might a company use?
Please solve Fast i give 2 like The managers of Movies Plus, a large movie theater, want to practice third-degree price discrimination. The managers have learned that college students have an own price elasticity of demand of 1.5 for tickets at Movies Plus and adults have an own price elasticity of 1.2. If the managers have correctly determined the third-degree profit-maximizing price for adults is $15, what is the third-degree profit-maximizing price to charge students? Group of answer choices (1)$13.50 (2)$10.00 (3)$7.50 (4)$8.50
In the long run, monopolistically competitive firms will charge price
Table 15-18Tommy’s Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy’s is able to engage in perfect price discrimination. COSTS REVENUES QuantityProduced Total Cost MarginalCost QuantityDemanded Price TotalRevenue MarginalRevenue 0 $100 -- 0 $170 -- 1 $140 1 $160 2 $184 2 $150 3 $230 3 $140 4 $280 4 $130 5 $335 5 $120 6 $395 6 $110 7 $475 7 $100 8 $575 8 $95 Refer to Table 15-18. If the monopolist can engage in perfect price discrimination, what is the quantity that maximizes economic profit? Group of answer choices 5 ties 6 ties 7 ties 8 ties
explain the relationship between the market price and a monopolistically competitive firm’s marginal revenue, be able to find the profit-maximizing output and price
What is value-of-service pricing? Is this approach to pricing valid today?
Economics You are a manager of a monopolistically competitive firm that is currently charging a price of $5 for its product and, at this price you are selling 52,000 units of your product. At this price and quantity combination, you have estimated your own price elasticity of demand to be -2.0 and you have an advertising elasticity of 0.25. What is the optimal amount for you to spend on advertising?
ssume there is no price discrimination: Matthew, Rachel, Janice, and Mandy own the only ice company in town (they have a monopoly on the ice market). Matthew wants to sell as much ice as possible without losing money. Rachel wants the ice company to bring in as much revenue as possible. Janice wants to maximize total surplus and Many wants to make the largest possible profit. Use ONE clearly-labelled graph of the ice company’s marginal revenue, demand, and cost curves to show the price and quantity (i.e., ice) each person desires. Provide explanation.
Consumer H Consumer L Limited $50 $25 Pro $175 $100 5.Refer to the above table of consumer valuations for two versions of a software product. If the manufacturer of the software product hopes to exercise second degree price discrimination, what should be the incentive compatible prices for the Limited and Pro versions of the software? Is second degree price discrimination profit maximizing?
List and explain the three kinds of pricing methods. Give an advantage and a disadvantage for each method.
When producers do not produce the efficient amount of a product because they are unable to charge consumers what they need to do so, then there exists a Multiple Choice competitive market Osupply-side market failure. demand-side market failure monopolistic market 22