Question

Briefly discuss the concept of "price descrimination? Is it legal in our economic system? Why or...

Briefly discuss the concept of "price descrimination? Is it legal in our economic system? Why or why not?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer :- Price discrimination refers to practice of seller of charging different prices for the same product from the different customers so as to maximize the profit level. Monopolist sometimes follow the policy of price discrimination so as to increase his sales level and accordingly profit level. Price discrmination is considered as legal in the economic system of any nation only when the sellers prove that its cost per unit of product are different at the time of selling the product to the different retailers. In general sense, Price discrimination is not considered as legal because it generates inequality amongst the people of a nation.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
identify and briefly discuss the economic impact of drug use and abuse in the USA from...
identify and briefly discuss the economic impact of drug use and abuse in the USA from a legal/moral perspective.. In your discussion, give at least one example of how this impact is manifested in our society.
Explain the concept of economic profit and loss. Next, briefly discuss how economic profit and loss...
Explain the concept of economic profit and loss. Next, briefly discuss how economic profit and loss differ from accounting profit and loss. Lastly, try to go a bit beyond the material in this module by anticipating how this concept will be useful in making predictions about when entrepreneurs should try to enter new growth markets while leaving declining markets. Your post should be two to three paragraphs long.
Clarify and discuss the concept of “Universal Design” and why such a system would be advantageous...
Clarify and discuss the concept of “Universal Design” and why such a system would be advantageous to any transportation system.
Briefly discuss the concept of the Security Market Line (SML), and explain why all assets must...
Briefly discuss the concept of the Security Market Line (SML), and explain why all assets must plot directly on it in a competitive market.
b. Briefly discuss the concept of the Security Market Line (SML), and explain why all assets...
b. Briefly discuss the concept of the Security Market Line (SML), and explain why all assets must plot directly on it in a competitive market
What is the Bretton Woods system? And please briefly discuss reasons why this system eventually collapsed.
What is the Bretton Woods system? And please briefly discuss reasons why this system eventually collapsed.
Briefly discuss the Time Value of Money concept? (no copy )
Briefly discuss the Time Value of Money concept? (no copy )
Research and discuss the political, economic, and legal systems of South Korea. Discuss how these factors...
Research and discuss the political, economic, and legal systems of South Korea. Discuss how these factors can affect economic progress.
Briefly describe the legal concept of "inherent powers" in the context of the Constitutional sources of...
Briefly describe the legal concept of "inherent powers" in the context of the Constitutional sources of the federal government's authority. To which branch of the federal government are inherent powers most relevant? Give at least one example of a modern day, contemporary situation in which inherent powers have been used by a President of the United States.
List four 4 ways to fix our broken legal system
List four 4 ways to fix our broken legal system
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT