Question

DATE:
3. Given that you have an operating
business how would you do the price
discrimination? live an example​

Answer 1

Price discrimination refers to a pricing strategy that charges consumers different prices for identical goods or services.

Price Discrimination

Different Types of Price Discrimination

1. First Degree Price Discrimination

Also known as perfect price discrimination, first-degree price discrimination involves charging consumers the maximum price that they are willing to pay for a good or service. Here, consumer surplus is entirely captured by the firm. In practice, a consumer’s maximum willingness to pay is difficult to determine. Therefore, such a pricing strategy is rarely employed.

2. Second Degree Price Discrimination

Second-degree price discrimination involves charging consumers a different price for the amount or quantity consumed. Examples include:

A phone plan that charges a higher rate after a determined amount of minutes are used

Reward cards that provide frequent shoppers with a discount on future products

Quantity discounts for consumers that purchase a specified number of more of a certain good

3. Third Degree Price Discrimination

Also known as group price discrimination, third-degree price discrimination involves charging different prices depending on a particular market segment or consumer group. It is commonly seen in the entertainment industry.

For example, when an individual wants to see a movie, prices for the same screening are different depending on if you are a minor, adult, or senior

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Answer 2

Answer:

on basis of situation i will coat