What factor determines how many segments to divide your demand in for group pricing?

Q: How can brands create the perception of products through advertisement and social stratisfaction?

A: Businesses have their major events and aspect that needs to be catered for the economy has a driving…

Q: what are some pricing tactics used by companies? What form of price discriminations might a company…

A: what are some pricing tactics used by companies? Answer: Profit Maximization, every firm wants to…

Q: How does the monopoly determine the level of output that maximizes profit?   Group of answer choices…

A: please find the answer below.

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: So, why do firms practice second degree price discrimination? Why not charge a set price for each…

A: Price discrimination refers to the process of charging different price for the same good in…

Q: Discuss at least 1 pricing practice that is illegal or unethical

A: Mostly, different firms engage in competition to reach their targets, which enables the customers to…

Q: What is value-of-service pricing? Is this approach to pricing valid today?

A: The firm can choose various pricing strategies in order to maximize profit. The pricing strategy…

Q: Price discrimination is one of the features of which type of the market economy?

A: According to the given question The amount of the price discrimination usually occurs when the…

Q: Arbitrage is the act of profiting from price differences that may exist across regions or time and…

A: Arbitrage refers to the act of taking advantage of the differences in price between two or more…

Q: As a result of a kinked demand curve, the pricea. fluctuates.b. falls below the kink.c. settles at…

A: There are four major types of market in economics which are: perfect competition, monopoly,…

Q: What is predatory pricing? How might it reduce competition, and why might it be difficult to tell…

A: Predatory pricing (also undercutting) is a pricing strategy where a good or service is set at a…

Q: Identify the five pricing policy decisionsmarketers must make

A: Pricing policy decisions are the end step for a marketer in a production process. After that the…

Q: What is the difference between bundle pricing and random pricing?

A: At the marketplace, firms use different pricing strategies to get maximum revenue from selling the…

Q: what is an example of parallel pricing ?

A: Parallel pricing is a method of copying other companies' pricing strategies, especially…

Q: Suppose you operate in a monopoly environment and you set your price in order to achieve maximum…

A: A firm maximizes its profit by setting the quantity that is derived from the intersection of the…

Q: Fast-food stores often charge higher prices for their products in high-crime areas than they charge…

A: Price discrimination- It is a strategy used for selling in which different prices are charged for…

Q: You work for the only car rental company at an airport renting identical mid-size cars. They want to…

A: Price discrimination is a marketing approach in which a vendor charges varying prices for the same…

Q: Back in 2016, there were two main streaming services Netflix and Hulu. The market inverse demand for…

A: Answer: Given, Market inverse demand: P=20-Qh-Qn The marginal cost for both firms = 2 Calculation:…

Q: What could be some types of discriminatory pricing policies?

A: In an economy, price discrimination can be practiced by the anti-competitive firm because he has the…

Q: If price discrimination is the option to implement within the context of elasticity of demand, what…

A: Price discrimination refers to charging different prices to different customers for the same…

Q: What are the necessary conditions for a monopoly position in the market to be established?

A: ANS The necessary conditions for a monopoly position in the market are as follows: Only one firm…

Q: Resource pricing     A. is monopolistically determined.   B. is used to reduce income…

A: Resource pricing is the process involving the evaluation of how much the resources utilized in…

Q: Shell has over 13,000 gas stations in the United States. In addition to gasoline, the gas stations…

A: Product output and price per unit can be maximized by applying economic measurements such as…

Q: What is price discrimination and when does it work?

A: Price discrimination is an act of charging different prices for the same product to different…

Q: What are ways in which a monopolist can engage in price discrimination?

A: Price discrimination is a pricing strategy in which a firm charges different prices for the same…

Q: How does price discrimination help customers?

A: A selling strategy that charges consumers prices at different levels for the same product or service…

Q: Explain what bait and switch is and why it is an example of deceptivepricing.

A: Bait and switch is an example of deceptive pricing.

Q: If consumers can easily switch to a close substitue when the price of a good increases, demand for…

A: Substitute goods are those goods that can be used in place of each other. Substitute goods have the…

Q: Is it feasible to prohibit monopolies in all markets? Does advertising help or hurt consumers?

A: No, it is not feasible to prohibit monopolies in all markets. In economics, the term monopoly refers…

Q: Why is price discrimination economically efficient for society as a whole but disadvantageous for…

A: Price discrimination is a pricing technique that involves charging different customers different…

Q: In the long run, monopolistically competitive firms will charge price

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: How is the perceived demand curve for a monopolistically competitive firm different from the…

A: The demand curve is defined as the relation between the quantity demanded and the price level. It…

Q: what are some pricing tactics used by companies? What form of price discriminations might a company…

A: Some price tactics used by company would be cost based pricing,price management.Profit based pricing…

Q: Explain why an attraction is still motivated to apply price discrimination in pricing even though it…

A: In pure price discrimination, the seller charges each customer the maximum price they will pay when…

Q: How does the internet affect the ability of firms to price - discriminate across consumers?

A: Price discrimination is a microeconomic pricing technique in which the same provider sells identical…

Q: How might pricing strategies differ among carriers in competitive markets,oligopolistic markets, and…

A: Pricing strategies differ across different market structures due to the competition in the market,…

Q: Why is demand curve facing a monopolistic competition firm likely to be more elastic?

A: Price elasticity of demand (PED) is the responsiveness of a percentage change in quantity demanded…

Q: Why does price elasticity of demand play such an important role in Ogligopolistic markets?

A: The elasticity of demand demonstrates the way from which one can assess the change in Q (quantity)…