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2 weeks ago

Question 1.

Perfect price discrimination is also known as

• monopoly.

• first-degree price discrimination.

• third-degree price discrimination.

• yield management.

Question 2.

The prices college students and faculty members pay for Apple computers are lower than the prices Apple charges on its Web site and in retail stores. Apple charges lower prices to college students and faculty members because

• college students and faculty members have a more elastic demand for computers than the general public.

• Apple can deduct from its federal taxes some of the costs of the computers it sells to college students and faculty members.

• college students and faculty members have a more inelastic demand for computers than the general public.

• college students and faculty members typically buy more supplies from Apple (print cartridges, paper, etc.,) than the general public.
Source  Download
Microeconomics
Edition: 7th
Authors:
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wrote...
Posts: 63
2 weeks ago
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Answer 1

first-degree price discrimination.

Answer 2

college students and faculty members have a more elastic demand for computers than the general public.
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2 weeks ago
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