Explore BrainMass
Share

Explore BrainMass

    Different Degrees of Price Discrimination

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Define the different degrees of price discrimination. Provide one real world example for each.

    © BrainMass Inc. brainmass.com October 9, 2019, 4:11 pm ad1c9bdddf
    https://brainmass.com/economics/output-and-costs/different-degrees-price-discrimination-25070

    Solution Preview

    Price discrimination is charging different prices to different buyers for the same good. This is an age old practice for suppliers who have achieved some degree of market control, especially those with a monopoly. The reason for price discrimination, of course, is higher profit. To be a successful price discriminator, a firm must
    (1) have market control and be a price maker, (2) identify two or more groups that are willing to pay ...

    Solution Summary

    The solution describes different degrees of price discrimination.

    $2.19