Microeconomics
2nd Edition
ISBN: 9781464187025
Author: Austan Goolsbee, Steven Levitt, Chad Syverson
Publisher: Worth Publishers
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Chapter 10, Problem 1RQ
To determine
The two requirements of
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The second important requirement for the price discrimination practice is the prevention of the resale of the products in the market and the practice of arbitrage in the market. When there is no market competition, the firm earns a market power, and this helps the firm to practice price discrimination. But when there are possibilities of the resale of the products by those who purchase the products or the arbitrage of the goods that is, the practice of selling the product is brought from a distant place where the price is lower for the good. When there are preventive measures, then the firm will ensure that there are no competitors in the market, and it helps to easily practice the price discrimination by the seller in the market.
Economics Concept Introduction
Price discrimination: Price discrimination is the practice of charging different prices from different consumers for the exact same commodity on the basis of the quantity bought or by the place or the group of individuals.
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Chapter 10 Solutions
Microeconomics
Ch. 10 - Prob. 1RQCh. 10 - Prob. 2RQCh. 10 - Prob. 3RQCh. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - Prob. 7RQCh. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQ
Ch. 10 - Prob. 1PCh. 10 - Prob. 2PCh. 10 - Prob. 3PCh. 10 - Prob. 4PCh. 10 - Prob. 5PCh. 10 - Prob. 6PCh. 10 - Prob. 7PCh. 10 - Prob. 8PCh. 10 - Prob. 9PCh. 10 - Prob. 10PCh. 10 - Prob. 11PCh. 10 - Prob. 12PCh. 10 - Prob. 13PCh. 10 - Prob. 14PCh. 10 - Prob. 15PCh. 10 - Prob. 16PCh. 10 - Prob. 17PCh. 10 - Prob. 18PCh. 10 - Prob. 19PCh. 10 - Prob. 20PCh. 10 - Prob. 21P
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