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Author Question: What are the characteristics of a market that allow a monopolist to successfully price discriminate ... (Read 106 times)

urbanoutfitters

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on: Jun 29, 2018
What are the characteristics of a market that allow a monopolist to successfully price discriminate between groups?
 
  What will be an ideal response?

Question 2

What is price discrimination? Can a perfectly competitive firm price discriminate? Explain you answer.
 
  What will be an ideal response?


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snackralk

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A monopolist can price discriminate between groups when the groups are easily identifiable, can be separated, have different average willingness to pay for the good, and when the good or service cannot be resold.

Answer to Question 2

Price discrimination is the practice of selling different units of a good or service for different prices. A perfectly competitive firm cannot influence the price of its productit is a price taker. So a perfectly competitive firm cannot price discriminate.


urbanoutfitters

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Reply 2 on: Jun 29, 2018
Excellent

hollysheppard095

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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