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"Price discrimination can be beneficial to both consumers and producers" - Discuss.
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Student ID. 1781621 Economic Analysis of the firm - N111122 Tutor - Priya Ramluggun-Essoo 27th November 2001 "Price discrimination can be beneficial to both consumers and producers." Discuss. Price discrimination is defined by Pass and Lowes (1994) p30 as, "the ability of a supplier to sell the same product in a number of separate markets at different prices". There are a range of methods by which a business might apply price discrimination. This could be setting a price according to the time of day a product or service is sold (e.g. higher train fares for all commuters traveling before 9am) or charging different prices depending on where a product is sold (e.g. the same car can be bought at different prices in different countries within Europe) or charging a price related to the income of the consumer (e.g. hairdressers charge cheaper prices to pensioners). Price discrimination can be grouped into three categories or types- First-degree discrimination where...
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