Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 9, Problem 18SQ
To determine
The example for
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Which of the following statements about price discrimination are true?
Choose one or more:
A. One example of price discrimination is Subway charging more for its footlong subs than for its 6-inch subs.
B. One example of price discrimination is a movie theater charging a lower price for a 2:00 PM movie than it
charges for the same movie at 8:00 PM.
C. One example of price discrimination is a restaurant that provides a "senior discount" to people over age 50.
D. Price discrimination usually leads to higher total surplus than single-price monopolies, and it can even
maximize total surplus.
a
Which of the following is not an example of price discrimination?
a.
Senior citizen discount at the movies
b.
Grocery coupons
c.
Shipping a package further costs more
d.
Charging a higher price for ice-cream during the summer and a lower price in the winter
The practice of posting a discrete schedule of declining prices for different ranges of quantities. Select one:
a. First-degree price discrimination
b. Fourth degree price discrimination
c. Third-degree price discrimination
d. Fifth degree price discrimination
e. Second-degree price discrimination.
Chapter 9 Solutions
Micro Economics For Today
Ch. 9.1 - Prob. 1GECh. 9.1 - Prob. 2GECh. 9.2 - Prob. 1YTECh. 9.4 - Prob. 1YTECh. 9 - Prob. 1SQPCh. 9 - Prob. 2SQPCh. 9 - Prob. 3SQPCh. 9 - Prob. 4SQPCh. 9 - Prob. 5SQPCh. 9 - Prob. 6SQP
Ch. 9 - Prob. 7SQPCh. 9 - Prob. 8SQPCh. 9 - Prob. 9SQPCh. 9 - Prob. 10SQPCh. 9 - Prob. 11SQPCh. 9 - Prob. 12SQPCh. 9 - Prob. 13SQPCh. 9 - Prob. 1SQCh. 9 - Prob. 2SQCh. 9 - Prob. 3SQCh. 9 - Prob. 4SQCh. 9 - Prob. 5SQCh. 9 - Prob. 6SQCh. 9 - Prob. 7SQCh. 9 - Prob. 8SQCh. 9 - Prob. 9SQCh. 9 - Prob. 10SQCh. 9 - Prob. 11SQCh. 9 - Prob. 12SQCh. 9 - Prob. 13SQCh. 9 - Prob. 14SQCh. 9 - Prob. 15SQCh. 9 - Prob. 16SQCh. 9 - Prob. 17SQCh. 9 - Prob. 18SQCh. 9 - Prob. 19SQCh. 9 - Prob. 20SQ
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- How does price discrimination play a role in the economy?How does the idea of price discrimination apply to an industry?arrow_forwardYou and your friend who just graduated visit a local ice cream parlor. By showing your student id you are able to buy an ice cream cone for $1 cheaper than your friend. What type of price discrimination is this an example of? A. First-degree price discrimination B. Second-degree price discrimination C. Third-degree price discrimination D. Fourth-degree price discriminationarrow_forwardWhich of the following statements regarding perfect price discrimination is false? Question 7Answer a. Perfect price discrimination yields the same market price and output result as perfect competition. b. Perfect price discrimination can eliminate the deadweight loss to society of a monopoly. c. Perfect price discrimination is an attempt by monopolists to capture consumer surplus as profit. d. Perfect price discrimination is charging different prices to different buyers.arrow_forward
- Which of the following statements about price discrimination is FALSE? Question 17Answer a. Price discrimination is inconsistent with perfect competition b. 1st degree price discrimination always results in an efficient outcome c. None of the statements are false d. Price discrimination typically improves efficiency e. 3rd degree price discrimination always results in an efficient outcomearrow_forwardWrite notes on Penetrating pricing.arrow_forwardWeekend hotel packages, vacation packages, cable tv plans and season ticket plans are examples of: a. price metrics b. price offer configuration c. price fencing d. price bundlingarrow_forward
- The following present different examples of price discrimination strategies. Match up the examples with the appropriate type of price discrimination. A university athletic department requires a donation prior to purchasing season tickets. A. Third-degree price discrimination A firm identifies different groups of customers in the market and offers different prices to each group. B. First-degree price discrimination A firm identifies and charges a unique price for each consumer in the market. C. Two-part tariff. D. Second-degree price discrimination A firm bundles together different products into packages with special prices.arrow_forwardDefine price discrimination. Give two examples of price discrimination. How does perfect price discrimination affect consumer surplus, producer surplus and total surplus?arrow_forward8. Examples of price discrimination Brian and Eleanor are debating the use of coupons by grocery stores. Brian says, "The use of coupons in grocery stores represents a means of price discrimination. It's pure and simple. Coupons do reduce the price of groceries, but mostly to people who are less likely to buy at the full price." By contrast, Eleanor contends, "Coupons do not constitute price discrimination. They simply represent a way of temporarily changing the prices of some grocery items. Coupons reduce the price for everyone, not just for those who are price sensitive." Economists generally agree witharrow_forward
- Charging a price to different groups depending on their different demand elasticities is described as ... Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b C Write your response here... d e Question 9 1st Deg Price Discrimination 2nd Deg Price Discrimination 3rd Deg Price Discrimination 2-part pricing Bundlingarrow_forwardDiscuss in details the concept of efficient pricing, illustrate and show the equilibrium.arrow_forwardwhat are pricing tactics and examples? What are some forms of price discriminations?arrow_forward
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