Place each price discrimination scenario in the appropriate category. Perfect price discrimination Pandy Jewelry charges each customer the maximum he or she is willing to pay for a particular piece of jewelry. Second-degree price discrimination Art's Mac-n-Cheese sells for $0.99 at the Piggly Wiggly, but Bulky Warehouse sells a package of 12 boxes for $10. Third-degree price discrimination Hungry Hungry Buffet charges $4.99 for kid's meals and $12.99 for adult meals. Totally Teeth, a toothbrush retail store, sells toothbrushes for $4.00 each, $7.00 for a two-pack, and $13.00 for a four-pack. Not price discrimination

Place each price discrimination scenario in the appropriate category. Perfect price discrimination Pandy Jewelry charges each customer the maximum he or she is willing to pay for a particular piece of jewelry. Second-degree price discrimination Art's Mac-n-Cheese sells for $0.99 at the Piggly Wiggly, but Bulky Warehouse sells a package of 12 boxes for $10. Third-degree price discrimination Hungry Hungry Buffet charges $4.99 for kid's meals and $12.99 for adult meals. Totally Teeth, a toothbrush retail store, sells toothbrushes for $4.00 each, $7.00 for a two-pack, and $13.00 for a four-pack. Not price discrimination

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter13: Monopoly And Antitrust

Section: Chapter Questions

Problem 13P

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