Explain Different Degrees of Price Discrimination
Inaugural discounts concessions on volume special schemes etc are nothing but examples of price discrimination. This may include offers such as buy two get one free or 20 percent off when you buy six. 3 Main Forms Of Price Discrimination With Diagram It can have at least three different forms which are called degrees of price discrimination. . Do charging different prices to coach and first class passengers represent price discrimination. C Third Degree Price Discrimination. THE FIRST-DEGREE PRICE DISCRIMINATION. For example why would airline lower price for special weekend getaways or for senior citizen. Condition for price discrimination Existence of Monopoly. 1st-degree price discrimination charging the maximum price consumers are willing to pay. Sometimes known as indirect price. Cut-price fuel on Tuesdays and Thursdays is a form of price discrimination. Broadly speaking there are 3 types of price disc