When does price discrimination take place? Group of answer choices A monopoly enters a market with high-income customers. A business conceals its pricing policies. A business charges different prices to different customers based on their willingness to pay.

Which of the following is NOT an example of price discrimination?   Question 19 options:   Airline charges a lower price for round trips than single trips.   Discount coupons are available free to the public.   Many colleges and universities give financial aid to needy students.   Prices are different at different gas stations throughout the city.

Price discrimination leads to higher price for all consumer . True or false

A monopoly A) cannot price discriminate because such a pricing strategy is illegal in the United States. B) faces extensive competition from firms making close substitutes. C) must determine the price it will charge.

Third-degree Price Discrimination requires that the seller be able to identify its customers as to certain characteristics. True False

If you cannot prevent resale of your good, which of these occurs when attempting price discrimination? You'll end up selling large quantities at a low price. You won't be able to sell much at the low price. You'll end up selling large quantities at a high price. The people who buy at high prices will then resell the good at a discount.

There are two proposals concerning the market efficiency: Plan A: regulate the market price at $4. Plan B: allow and help the monopoly enforce the perfect price discrimination. If you represent consumers to vote for one plan, which one would you choose? Explain with proper calculation (Hint: consumers only care about their welfare).

Would producer surplus with second-degree price discrimination not below a single price.

QUESTION 2 Uber provides point to point car transport services in Brisbane. The typical Uber service is called UberX. Uber also offers a service called UberSelect, a premium service that uses expense, newer cars. UberSelect costs approximately 40% more for customers than UberX. Which of the following statements are true: UberSelect is an example of third degree price discrimination. UberSelect is an example of using peak load pricing. Charging the same price for UberX and UberSelect would give Uber greater profits. The decision to charge customers more for UberSelect is a result of their demand being more elastic than UberX customers.