Consider the market for high-performance digital cameras. Suppose that initially after such cameras are introduced, demand is D₁. One year later, after the first group of consumers has purchased the product, demand becomes D2. If the electronics company engages in intertemporal price discrimination, then it should initially charge $ 600 for its digital camera. (Enter a numeric response using an integer.) After one year, the company should charge a price of $ ☐. $/Q 800- 750- 700- 650- 600- 550- 500- 450- 400- 350- 300- 250- 200- 150- 100- 50- 0 MR MR₁₂ D2 MC D 100 200 300 400 500 600 700 800 900 1000 Quantity
Consider the market for high-performance digital cameras. Suppose that initially after such cameras are introduced, demand is D₁. One year later, after the first group of consumers has purchased the product, demand becomes D2. If the electronics company engages in intertemporal price discrimination, then it should initially charge $ 600 for its digital camera. (Enter a numeric response using an integer.) After one year, the company should charge a price of $ ☐. $/Q 800- 750- 700- 650- 600- 550- 500- 450- 400- 350- 300- 250- 200- 150- 100- 50- 0 MR MR₁₂ D2 MC D 100 200 300 400 500 600 700 800 900 1000 Quantity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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