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Author Question: Assume you have four tickets to a U2 concert. You decide to sell each of them separately on an ... (Read 136 times)

student77

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Assume you have four tickets to a U2 concert. You decide to sell each of them separately on an auction site such as eBay. Your auctions represent
 
  A) price differentiation.
  B) perfect price discrimination amongst those who bid for your tickets.
  C) perfect price discrimination amongst all people who buy tickets for the concert.
  D) an illegal act, subject to state and federal prosecution.

Question 2

Assume a firm organizes all individuals by their willingness to pay (least to most). If the firm starts to perfectly price discriminate, what is likely to happen?
 
  A) Consumers start to arbitrage amongst themselves.
  B) The firm's profits will be maximized.
  C) The firm's costs will be minimized.
  D) The firm starts to arbitrage with consumers.


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amcvicar

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student77

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Reply 2 on: Jul 1, 2018
Gracias!


31809pancho

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

 

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