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Author Question: In practice, price discrimination is never perfect. Why? What will be an ideal ... (Read 56 times)

geodog55

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on: Jun 29, 2018
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


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JaynaD87

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Reply #1 on: Jun 29, 2018
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

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

alvinum

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

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