Get premium membership and access questions with answers, video lessons as well as revision papers.
1. First degree price discrimination.
This means that the monopolist sells different units of output for different prices and these prices may differ from one person to another.
2. Second degree price discrimination.
Means that the monopolist sells different units of output for different prices but every individual who buys the same amount of the good pays the same price. Thus price differ across the units of the good but not across the people.
3. Third degree price discrimination.
It is where the monopolist Sells output to the different people for different prices but every unit of output sold to a given person sells for the same price.
Jonmhumble answered the question on November 3, 2017 at 18:24
- What are the conditions for Pareto efficiency?(Solved)
What are the conditions for Pareto efficiency?
Date posted: November 3, 2017. Answers (1)
- Outline the advantages of network analysis in operations research.(Solved)
Outline the advantages of network analysis in operations research.
Date posted: November 3, 2017. Answers (1)
- State and explain methods of shaping a behaviour (Solved)
State and explain methods of shaping a behaviour
Date posted: November 2, 2017. Answers (1)
- What are the determinants of job satisfaction?(Solved)
What are the determinants of job satisfaction?
Date posted: November 2, 2017. Answers (1)
- What are the stages of group development?(Solved)
What are the stages of group development?
Date posted: November 2, 2017. Answers (1)
- Outline five principles that should guide human resource planning to ensure the intended purpose in the organization.(Solved)
Outline five principles that should guide human resource planning to ensure the intended purpose in the organization.
Date posted: October 31, 2017. Answers (1)
- Outline the remedial measures of multicollinearity.(Solved)
Outline the remedial measures of multicollinearity.
Date posted: October 30, 2017. Answers (1)
- What are practical consequences of multicollinearity?(Solved)
What are practical consequences of multicollinearity?
Date posted: October 30, 2017. Answers (1)
- State and explain assumptions of classical linear regression models.(Solved)
State and explain assumptions of classical linear regression models.
Date posted: October 30, 2017. Answers (1)
- Outline the limitations of Harrod - Domar model.(Solved)
Outline the limitations of Harrod - Domar model.
Date posted: October 30, 2017. Answers (1)
- Outline remedies of the problem of autocorrelation.(Solved)
Outline remedies of the problem of autocorrelation.
Date posted: October 29, 2017. Answers (1)
- What are the causes of autocorrelation?(Solved)
What are the causes of autocorrelation?
Date posted: October 29, 2017. Answers (1)
- How is autocorrelation tested in statistics?(Solved)
How is autocorrelation tested in statistics?
Date posted: October 29, 2017. Answers (1)
- Outline the characteristics of binomial probability distribution.(Solved)
Outline the characteristics of binomial probability distribution.
Date posted: October 29, 2017. Answers (1)
- Outline the advantages of mathematical approach.(Solved)
Outline the advantages of mathematical approach.
Date posted: October 29, 2017. Answers (1)
- Outline the differences between human and physical capital.(Solved)
Outline the differences between human and physical capital.
Date posted: October 29, 2017. Answers (1)
- Outline the objectives of minimum wage model.(Solved)
Outline the objectives of minimum wage model.
Date posted: October 29, 2017. Answers (1)
- State and explain types of labour mobility.(Solved)
State and explain types of labour mobility.
Date posted: October 29, 2017. Answers (1)
- Outline limitations of wage fund theory. (Solved)
Outline limitations of wage fund theory.
Date posted: October 29, 2017. Answers (1)
- What are criticism of marginal productivity theory?(Solved)
What are criticism of marginal productivity theory?
Date posted: October 29, 2017. Answers (1)