Answer to Question #217231 in Microeconomics for Soup

Question #217231

Explain the necessary conditions for price discrimination and analyse the allocation of output in two different markets by a monopolist


1
Expert's answer
2021-07-15T12:23:13-0400

Conditions for price discrimination include that the firm must have market power, be able to recognize differences in demand and have the ability to control arbitration. The seller sells the same commodities in different markets but charges different prices at the same time.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS