University of Florida Economics Price Discrimination Essay

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Write a short essay answering the following items:

  • What is price discrimination? Mention the three types covered during the lectures

2. Why do firms seek to implement some type of price discrimination? 

3. What do we understand for versioning? Provide 4 examples of versioning. At least one should be different from the cases covered during the lectures 

4. In a graph show how price discrimination works when the good is offered in three different versions. Indicate the consumer’s and producer’s surpluses in the graph

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