Price Discrimination
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ESSAY DETAILS
Words: 2365
Pages: 9
(approximately 235 words/page)
Pages: 9
(approximately 235 words/page)
Essay Database > Law & Government > Government & Politics
showed first 75 words of 2365 total
showed last 75 words of 2365 total
price discrimination is an effective means by which a firm can sell a higher quantity of goods, make a higher profit margin on the goods it does sell, and build a broader consumer base due to differing price elasticity of demand for given goods and services. Price discrimination ultimately equalizes price and value for both the consumer and the firm, creating a more ideal situation for both entities in terms of preference and opportunity cost.
price discrimination is an effective means by which a firm can sell a higher quantity of goods, make a higher profit margin on the goods it does sell, and build a broader consumer base due to differing price elasticity of demand for given goods and services. Price discrimination ultimately equalizes price and value for both the consumer and the firm, creating a more ideal situation for both entities in terms of preference and opportunity cost.