In practice, price discrimination is never perfect. Why? What ...

[geodog55]

In practice, price discrimination is never perfect. Why?
 
  What will be an ideal response?

Question 2

Which of the following would likely take the longest time to enact?
 
  A) Federal government fiscal policy that strives for a balanced budget
  B) The Fed's lowering of the discount rate
  C) The Fed's raising of the discount rate
  D) The Fed's engagement in open market operations

[JaynaD87]

Answer to Question 1

There are two reasons as to why price discrimination is never perfect in practice. They are as follows:
a) It is very difficult to charge a unique price to each and every consumer.
b) It is impossible to know every consumer's willingness to pay for a product.

Answer to Question 2

A

[geodog55]

Thanks for the timely response, appreciate it

[ebonylittles]

YES! Correct, THANKS for helping me on my review