Define price discrimination and explain why a monopolist would ...

[TVarnum]

Define price discrimination and explain why a monopolist would price discriminate?
 
  What will be an ideal response?

Question 2

In a closed economy, public saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
 
  A) T - G - TR B) Y - C - T + TR C) Y - G - T D) Y - C - T

[jesse.fleming]

Answer to Question 1

Price discrimination is charging different prices to different consumers. A monopolist will price discriminate in an attempt to capture consumer surplus as profit.

Answer to Question 2

A

[TVarnum]

Thanks for the timely response, appreciate it

[Joy Chen]

Great answer, keep it coming