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Title: Calling long distance is often more expensive on weekdays between 8 am and 5 pm than in the evening ... Post by: JisselFlores on Oct 10, 2019 Question 1. Price discrimination is possible in which of the following market structures?
▸ a, b, c, and d ▸ c and d only ▸ b and c only ▸ b, c, and d only Question 2. Calling long distance is often more expensive on weekdays between 8 am and 5 pm than in the evening hours. Why is this the case? ▸ Businesses who must call suppliers or customers during business hours have few alternatives and therefore have an inelastic demand during the workday compared to after-work hours. ▸ The cost of making long-distance connections is higher during the day than in the evenings. ▸ Increasingly, businesses who must call suppliers or customers during business hours resort to the internet, thereby reducing demand for long-distance calls. To make up for this fall in demand, telephone companies charge higher rates. ▸ Telephone companies hope to discourage customers from calling long distance during the day to keep their labor costs down. Title: Calling long distance is often more expensive on weekdays between 8 am and 5 pm than in the evening ... Post by: NicoleLove on Oct 10, 2019 Content hidden
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