Price Discrimination

Essay specific features

 

Issue:

Business

 

Written by:

Ora S

 

Date added:

June 8, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1534

 

Was viewed:

5685 times

 

Rating of current essay:

 
Essay content:

While perfect price discrimination is illegal, when the optimal price is set for every customer, imperfect price discrimination exists. For example, bus companies usually charge four different prices for a ride. The prices target various age groups, including youth, students, adults and seniors. The prices fluctuate with the expected income of each age bracket, with the highest charge goes to the adult population...
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The prices target various age groups, including youth, students, adults and seniors. The prices fluctuate with the expected income of each age bracket, with the highest charge goes to the adult population. A much less obvious form of price discrimination is that of periodic sales in stores, which serve to discriminate between informed and patient buyers and the rest...
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