. Do you think price discrimination is unfair? Do you think price discrimination should be illegal? Explain. 2) Suppose price discrimination were made illegal, but only for airlines, so airlines would have to charge all consumers the same price regardless of when they purchased the ticket. Who benefits as a result of this change? Who is made worse off as a result? Do you think society would be better or worse off as a result? Explain. 3) Think of a time where you bought something from a firm that was engaging in price discrimination. What was it? Do you think you paid a lower price or a higher price as a result of price discrimination

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter23: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 11CQ
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1) Surveys have shown that the majority of American consumers think that price discrimination - the practice of the same firm charging different prices to different consumers for the same good or service - is unfair and should be illegal. Do you think price discrimination is unfair? Do you think price discrimination should be illegal? Explain.

2) Suppose price discrimination were made illegal, but only for airlines, so airlines would have to charge all consumers the same price regardless of when they purchased the ticket. Who benefits as a result of this change? Who is made worse off as a result? Do you think society would be better or worse off as a result? Explain.

3) Think of a time where you bought something from a firm that was engaging in price discrimination. What was it? Do you think you paid a lower price or a higher price as a result of price discrimination? Do you think it is unfair that someone else is charged a different price than you were for the same good or service? Explain.

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