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Allushta [10]
3 years ago
6

Which of the following are necessary conditions for successful price discrimination?

Business
1 answer:
mixer [17]3 years ago
6 0

Answer:

d. at least two different markets with different price elasticities of demand

Explanation:

The theory of microeconomics about price differentiation is based on the concept of elasticity of demand. Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

For price discrimination to take place, the offeror must be able to sell the same product at different prices to at least two different groups. This will depend on the price elasticity of consumer demand for the good in each of the markets. Thus, if one group is less elastic than the other, the offeror will be able to sell the goods at different prices.

An example: air market. Consumers are often more price sensitive when traveling for tourism than for business. Thus, a higher price may be charged to executives. which has lower price elasticity of demand than tourists.

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If the number of firms in a monopolistically competitive industry increases and the degree of product differentiation diminishes
Viefleur [7K]

Answer:

C) the industry would more closely approximate pure competition

Explanation:

A monopolistically competitive industry is one with different firms selling similar products that are slightly differentiated. It is very easy for firms to enter into industries that are monopolistically competitive. They also have the autonomy to increase their prices.

If the number of firms in a monopolistically competitive industry increases and the degree of product differentiation diminishes they would then resemble a pure competition because they would all be selling identical products which would result in little or no competition.

5 0
2 years ago
"On January 1, 2012, Brown Company purchased a mine for $100,000. On this same date, it was estimated that the mine contained 1,
lapo4ka [179]

Options:

$1,000

$100,000

$30,000

$3,000

Answer:

The amount of depletion expense for 2012 would be =$30000.

Explanation:

Amount of depletion expense for 2012 = ($100000/1000 ton)*300 ton  

= $30000

5 0
3 years ago
With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos
timofeeve [1]

Answer:

A buyer in the ordinary course of business who purchased the goods from a merchant

Explanation:

In finance, perfected security interest is an interest in a property that prevents other party from having claims on it legally.

It should be noted that With regard to a prior perfected security interest in goods for which a financing statement has been filed, the parties is most likely to have a superior interest in the same collateral is buyer in the ordinary course of business who purchased the goods from a merchant.

8 0
3 years ago
There's a lot of room for people to grow with this organization, hiring manager Myranda told the applicant. "But we expect a lot
Ray Of Light [21]

In this case it is a realistic view of the work. The manager makes it clear what the company intends with the employee. She explains that employment can offer good chances for professional growth, but also makes it clear that this will happen due to employee performance and consistent work. It is a realistic view of the job by presenting the benefits and duties of the employee.

4 0
3 years ago
Indicate with the appropriate letter the nature of each adjustment described below: Type of Adjustment A. Change in accounting p
julia-pushkina [17]

Answer:

A. Change in accounting principle (reported retrospectively) - PR

B. Change in accounting principle (exception reported prospectively) - PP

C. Change in estimate - E

D. Change in estimate resulting from a change in accounting principle - EP

E. Change in reporting entity - R

F. Correction of an error - N

4 0
3 years ago
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