Economics Study Set 4
Quiz 16: Pricing Strategy
One Reason Why Mcdonald's Charges a Single Price for Its
One reason why McDonald's charges a single price for its products is that it is difficult and costly for the company to determine each individual consumer's willingness to pay.
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Both first-degree price discrimination and optimal two-part tariff pricing maximize economic surplus.
What is the difference between price discrimination and other forms of discrimination?
Why is it necessary for a firm that practices price discrimination be a price maker rather than a price taker?
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