MYTUTOR SUBJECT ANSWERS

720 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...

2 years ago

Answered by Sam, an A Level Economics tutor with MyTutor


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

74 SUBJECT SPECIALISTS

£20 /hr

Dan W.

Degree: Economics and Accounting (Bachelors) - Bristol University

Subjects offered:Economics, Maths

Economics
Maths

“I achieved top grades whilst juggling cricket at a high level. I’ve tutored for Young Einstein Tuition & been a Peer Mentor to those facing personal issues”

£22 /hr

Ruth N.

Degree: Economics (Bachelors) - Cambridge University

Subjects offered:Economics, Maths+ 2 more

Economics
Maths
-Personal Statements-
-Oxbridge Preparation-

“Economics Graduate from Cambridge, wanting to share my passion for the discipline”

£22 /hr

Xiaoli M.

Degree: Economics (Bachelors) - LSE University

Subjects offered:Economics, Maths+ 1 more

Economics
Maths
-Personal Statements-

“I will provide engaging and rewarding tailored lessons, adapting my teaching to best suit you and do my best to assist you in reaching your full potential”

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 factors cause the aggregate demand curve to shift?

Explain the difference between the Monetarist and Keynesian views of unemployment

Is there a way to find out a nouns gender?

Why is profit maximising at MC=MR?

View A Level Economics tutors

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

mtw:mercury1:status:ok