Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 9, Problem 18SQ
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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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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Similar questions
- Which of the below is NOT an example of price discrimination? a. A store that offers a senior’s discount on Thursdays. b. A fast-food restaurant sending coupons to the public. c. A grocery store that offers better pricing if the customer buys in bulk. d. Competing grocery stores have different prices for milk.arrow_forwardHow does price discrimination play a role in the economy?How does the idea of price discrimination apply to an industry?arrow_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
- You 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_forwardWrite notes on Penetrating pricing.arrow_forwardWhich 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_forward
- Weekend 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_forwardWhy does it not charge a price below the market price?arrow_forwardWhat is price discrimination ? When is price discrimination possible ? What are the different types of price discrimination ? ( Please solve whole question I will give you upvote )arrow_forward
- What is price discrimination and how it helps the firm and the consumersarrow_forwardThe 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_forwardCharging 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_forward
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