Canada Post has a monopoly on residential mail delivery. Pfizer Inc. makes Lipitor, a prescription drug that lowers cholesterol. Rogers Communications is the sole provider of cable television service in some Are of these firms protected by a barrier to entry? any Do any of these firms produce a good or service that has a substitute? Might any of them be able to profit from price discrimination? Rogers Communications has a of other cable companies into the market because Rogers Communications barrier to entry regarding the entry O A. natural; was the first firm to offer cable television in parts of San Diego O B. legal; reaps economies of scope allowing it.ko provide cable television service as well as Internet service OC. legal; has a government licence to provide cable television in parts of San Diego O D. natural; reaps economies of scale allowing it to provide cable television service at a lower average cost than two or more firms

Canada Post has a monopoly on residential mail delivery. Pfizer Inc. makes Lipitor, a prescription drug that lowers cholesterol. Rogers Communications is the sole provider of cable television service in some Are of these firms protected by a barrier to entry? any Do any of these firms produce a good or service that has a substitute? Might any of them be able to profit from price discrimination? Rogers Communications has a of other cable companies into the market because Rogers Communications barrier to entry regarding the entry O A. natural; was the first firm to offer cable television in parts of San Diego O B. legal; reaps economies of scope allowing it.ko provide cable television service as well as Internet service OC. legal; has a government licence to provide cable television in parts of San Diego O D. natural; reaps economies of scale allowing it to provide cable television service at a lower average cost than two or more firms

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please read the following article from The Atlantic on the proliferation of price discrimination for online shopping https://goo.gl/EGFynW A.) The article notes that we are moving toward a situation in which perfect price discrimination is no longer “only a classroom thought experiment.” Suppose perfect price discrimination were to become a reality. What would this imply as far as consumer surplus, producer surplus, and market surplus in the market for online retail? B.) The article references a study showing that by using big data online firms are able to boost profits. When firms engage in price discrimination and experience an increase in profits, does this imply that consumers are made worse off as a result? Explain. C.) Do you agree with the author’s belief that the proliferation of price discrimination “makes suckers of us all”? Explain. D.) Do you consider the increased price discrimination in recent years as a net positive or a net negative to society? Explain
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The graph
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