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ECON105 Principles Of Microeconomics

tag 0 Download 5 Pages / 1,055 Words tag 20-07-2021

Questions:

1- Pick one type of price discrimination. Explain:

(a) the design of such a pricing mechanism;
(b) what a supplier needs to know in order to use this scheme; and
(c) what constraints are faced in the use of the technique.

2- Describe a real-world example of this price discrimination strategy, and relate it to your three explanations (a), (b), and (c). 
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