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Firms engage in odd pricing when they charge prices that appear to be less than they really are; for ...

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Firms engage in odd pricing when they charge prices that appear to be less than they really are; for ...

Question 1.

Assume a firm is able to use an optimal two-part tariff.

a.	Is the outcome economically efficient? Why or why not?

b.	What happens to consumer surplus?

c.	Does this represent perfect price discrimination? Why or why not?

Question 2.

Firms engage in odd pricing when they charge prices that appear to be less than they really are; for example, charging a price of $4.95 instead of $5.00 and $.99 instead of $1.00. How have researchers tried to determine whether odd pricing is successful in convincing consumers that odd prices are less than they really are?

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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DragoxCM16 Author

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Brilliant ツ

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This helped my grade so much Perfect

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