For each example, select the type of price discrimination that is being used. A firm charges each consumer their reservation price: first-degree A tennis pro charges $15/hour for lessons for children and $30/hour for lessons for adults: third-degree Amazon Prime charges $12.99/month plus the price of all goods purchased. two-part tariff A firm charges only $0.25 more for a large soda than a small soda. second-degree A firm charges more for electricity used during the day than at night. intertemporal

Assess the importance of Elinor Ostrom’s work for economists?

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In a minimum of 250 words, explain what the three core economic questions are that every society has to answer and then discuss how the U.S. addresses these. Then, provide a brief description of the U.S. economy. If desired, you can compare and contrast this with how another country (or other countries) addresses these questions. Ensure that you use facts to support your points and provide citations and references for those sources.   The required text is chapters 1-3 in Schiller, B. R., & Gebhardt, K. (2016). The economy today (14th ed.). Columbus, OH: McGraw-HillHigher Education (ISBN:9780078021862).