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Category > Economics Posted 03 May 2017 My Price 6.00

guidelines and rubrics

Hello, this is a critical thinking question for that same course you helped me out in a few days ago. The question is stated below. Pls also see the attached documents for the guidelines and rubrics. This should be just about 2 pages long. Many thanks

 

Question: Price discrimination is a pricing strategy whereby a firmâs prices for the same or very similar goods vary for customers in different markets. This can help the firm attain more profits compared to charging a single price. For example, a movie theater may offer a discount to students but charge non-students a higher price. Suppose you are a consultant to Southwest Airlines. How would you use price discrimination to get the most profits from your customers? Use the concepts from Module Four, including total revenue, marginal revenue, total cost and marginal cost, and the theory of profit maximization to argue your strategy. Do you have to be a monopoly to engage in price discrimination? Explain.

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SuperTutor
(15)
Status NEW Posted 03 May 2017 07:05 AM My Price 6.00

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Attachments

file 1493797120-Solutions file.docx preview (56 words )
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