“Declining block pricing is a crude form of perfect price discrimination.” In what sense is this statement correct? In what important way is it wrong?
Answer to relevant QuestionsAn article in The Wall Street Journal reported that large hotel chains, such as Marriott, are tending to reduce the number of hotels that they franchise to outside owners and increase the number the chain owns and manages ...The famous Swedish economist Assar Lindbeck remarked in his book on rent controls, “Rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.” Rent controls place ...The Financial Herald, a weekly newspaper specializing in corporate financial news, is purchased by both businesspeople and students. A marketing research firm has estimated the two linear demand and marginal revenue ...A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profit by selling a total of 200 drinks (a night). At the current prices, male customers buy 150 drinks, while female customers ...Return to Applied Problem 1 and suppose the managers of the firm decide on the following subjective probabilities of congressional action on OINC: ProbabilityOINC passes ........ 40%OINC fails ...
Post your question