Which of the following statements about price discrimination is FALSE? Question 17Answer a. Price discrimination is inconsistent with perfect competition b. 1st degree price discrimination always results in an efficient outcome c. None of the statements are false d. Price discrimination typically improves efficiency e. 3rd degree price discrimination always results in an efficient outcome

Which of the following are necessary conditions for successful price discrimination? a. zero transactions costs b. a perfectly competitive market structure c. an imperfectly competitive market structure d. at least two different markets with different price elasticities of demand e. at least two different markets with different price elasticities of supply OA) a, c, d, and e only OB) c and d only C) a, b, and d only D) a and c only

20. Paulina sells beef in a competitive market where the price is $6 per pound. Her total revenue and total costs are given in the table below.   Fill out the table. At what quantity does marginal revenue equal marginal cost? What is the profit-maximizing quantity?

The following graph shows the daily demand curve for bippitybops in Chicago. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. Total Revenue 0 8 16 24 32 40 48 56 64 72 80 200 180 160 140 120 100 80 60 40 20 0 PRICE (Dollars per bippitybop) QUANTITY (Bippitybops per day) Demand A B Area: 1280 Calculate the daily total revenue when the market price is $180, $160, $140, $120, $100, $80, $60, and $40 per bippitybop. Then, use the green point (triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph. Total Revenue 0 8 16 24 32 40 48 56 64 72 80 3840 3520 3200 2880 2560 2240 1920 1600 1280 960 640 320 0 TOTAL REVENUE (Dollars) QUANTITY (Bippitybops per day) According to the midpoints formula, the price elasticity of demand between points A and B on the initial graph is approximately . Suppose the…

1. Company A is the only one that can sell a certain number of products in New York City. Firm A faces competition elsewhere in the United States. If Company A is able to price discrimination, a. Will prices in New York City be different from elsewhere? if yes or no, explain your reasons clearly. b. In this case, do you think there will be a high correlation of price movements between New York City and elsewhere? c. What do you think about the existing market structure in New York? please help with your explanation by drawing the required relevance curve.

what is the following pricing strategy or price discrimination approach? the olympic commission offers different soccer ticket prices depending on seat location within the stadium (closer or further away from the pitch, behind the goalkeeper, halfway line, etc). B.Peak Load Pricing A.Bundling C.Indirect Segmentation Price Discrimination D.Complete Price Discrimination E.Direct Segmentation Price Discrimination

A) What is the profit-maximizing price? B) What is the profit-maximizing quantity? C) What is total revenue at the profit-maximizing quantity?

e. Please describe the effect on quantity and price when firms have an incentive to exit the market. (Hint: the number does not matter; just clarify how quantity and price change.) Price 12 10 8 6 4 2 ○ 20 20 40 60 MC ATC 80 AVC Demand curve 100 Quantity (beach balls per day)

Students were able  to obtain these tickets, make fictitious reservations, cancel the reservations at the last minute, and secure a seat on the flight at a discounted price.  Answer the following questions. 1. Is this a form of price discrimination? Why? Include in your analysis differing levels of elasticity, if relevant, and any other feature  2. Why would an airline use this practice?     Provide a dollar and cents example. 3. The airlines caught up with this scheme, what principal of price discrimination did the students violate so as to end it?

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