Search over 10,000 free study notes

First-degree price discrimination, alternatively known as perfect price discrimination, occurs when a firm charges a different price for every unit consumed. The firm is able to charge the maximum possibl...

Public goods are non-excludable and non-rival - i.e. you cannot be stopped from consuming the good and this does not affect others' consumption
Externalities are benefits/costs to a third party outsi...

Developed countries: more urbanised - 80% of USA population in 2%Developing: growing at a faster rate - Rwanda fastest urbanisation rate in the world: 9%
Leading to problems with waste management, re...

The distilled water is a hypotonic solution and so has a higher water potential than that of the red blood cell. Due to the difference in water potentials, water will move from the beaker into the red blo...