Documents Ch11

CHAPTER 11 Pricing with Market Power MULTIPLE CHOICE Section 11.1 easy 1. Which of the following strategies are used by business firms to capture consumer surplus? a. b.…

Business Pricing

1. LEGAL AND ETHICAL ISSUES IN PRICING 2. "Sometimes people confuse norms with ethics — exploitation of child labour, bribery and kickbacks may be the norm, but…

Documents ECO 171 Nonlinear pricing Second degree price discrimination.

Slide 1ECO 171 Nonlinear pricing Second degree price discrimination Slide 2 ECO 171 Self-selection What if the seller cannot distinguish between buyers? perhaps they differ…

Business Price discrimination notes

1. Price Discrimination What is price discrimination? Price discrimination or ‘yield management’ occurs when a firm charges a different price to different groups of consumers…