MYTUTOR SUBJECT ANSWERS

324 views

What is price discrimination?

Price discrimination is where firms charge a different price to different consumers for the same good for reasons other than cost. There are three degrees. First degree PD is where the seller knows the demand curve of each individual consumer, and charges the highest price they can based on it (e.g. live auctions, ebay). Second degree PD is where the seller charges different prices depending on the quantity of the good purchased. Third degree PD is where the seller splits consumers into groups based on their price elasticities of demand and charges different prices accordingly (e.g. night clubs, cinemas).

Sam R. A Level German tutor, GCSE French tutor, A Level Economics tut...

10 months ago

Answered by Sam, an A Level Economics tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

47 SUBJECT SPECIALISTS

£20 /hr

Linden S.

Degree: Economics and Finance (Bachelors) - Exeter University

Subjects offered: Economics, Maths

Economics
Maths

“I am currently in my third year studying economics and finance at the  University of Exeter. As well as having a strong passion for economics, I have a great love for mathematics too. I have experience in teaching through coaching ten...”

£30 /hr

Akshay D.

Degree: Finance Accounting & Management BSc (Bachelors) - Nottingham University

Subjects offered: Economics, Geography

Economics
Geography

“About Me: - A Second Year Student studying Finance Accounting & Management  - Tutored Economics and Geography in the past to younger students.  - I am a trust worthy individual who will provide a first class high quality service to e...”

£20 /hr

Camilla R.

Degree: Economics (Bachelors) - Edinburgh University

Subjects offered: Economics, Spanish+ 1 more

Economics
Spanish
Maths

“Hi! I am an Economics student at the University of Edinburgh. I also continue to study maths and Spanish as part of my degree. At school I was a Spanish and Economics peer mentor and an unofficial maths tutor for my friends so I hope ...”

MyTutor guarantee

About the author

£20 /hr

Sam R.

Degree: Economics with German (Bachelors) - Nottingham University

Subjects offered: Economics, Maths+ 2 more

Economics
Maths
German
French

“Top tutor from the renowned Russell university group, ready to help you improve your grades.”

MyTutor guarantee

You may also like...

Posts by Sam

How do I form the perfect tense?

What is integration by parts?

What is price discrimination?

Which prepositions take the accusative?

Other A Level Economics questions

What is the Phillips Curve?

List and explain some ways in which a monopolistic firm can use it's lower costs as a barrier to entry.

What is protectionism?

Evaluate policies the government can use to increase the rate of economic growth.

View A Level Economics tutors

Cookies:

We use cookies to improve our service. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok