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Free research papers and essays on topics related to: price discrimination
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- Price Discrimination - 1,692 words
Price Discrimination Prices are based upon the price elasticity of demand in each given market. In other terms, this means that during ladies night at the local bar, it costs more for men to have a beer than women simply because these bars find it o.k. to charge females less, as a way to draw more females to the business on a specific night. Price discrimination is part of the commercial and business world. Movie theaters, magazines, computer software companies, and thousands of other businesses have discounted prices for students, children, or the elderly. One important note though, is that price discrimination is only present when the exact same product is sold to different people for diff ...
Related: discrimination, high price, price discrimination, personal computer, computer software
- Price Discrimination - 1,174 words
Price Discrimination Define, discuss, and account for the existence of price discrimination. Compare and exemplify the first, second, and third degrees of such discrimination. Overview Price discrimination is the practice of setting different pricing formulas in different virtual markets, while still maintaining the same product throughout. The prices are based upon the price elasticity of demand in each given market. In more practical terms, that means that during "Ladies Night" at M.P. OReillys, it costs more for me to have a beer than if I were a female simply because this particular saloon sees fit to charge members of the female species less as a means to draw more such females to the e ...
Related: discrimination, high price, price discrimination, significant difference, general public
- Price Discrimination - 1,186 words
... ly purchase such large quantities of certain goods (e.g. 10-packs of household 3-in-1 oil). This format of "moving" merchandise in a way where the amount or items purchased arent necessarily discretionary is especially popular at auctions. Second Degree Price Discrimination A tiered form of price discrimination, second degree is the practice of selling incremental amounts of a good for incremental prices. The first 12 pairs of shoes are $80, the next 12 pair are $72, and so on. The customers, like in discrimination of the 3rd degree, are grouped together in the corresponding tiers so to speak, and since the tiers all pay the same price, the marginal revenue is constant within each tier a ...
Related: discrimination, price discrimination, saint louis, profit margin, client
- Antitrust Legislation - 1,392 words
Anti-Trust Legislation As many people have noticed, recently there has been a huge focus in the media on Bill Gates, and his huge Microsoft Corporation. This past Friday, May 22, 1998, a federal judge combined two lawsuits and set a trial date for September 8, 1998. This trial date will address a government request for a preliminary injunction concerning Windows 98 as well as broader issues. The Sherman Anti-trust Act was passed in 1890. Then in 1914 the Clayton Act was passed to help with Anti-trust Cases. Anti-trust Lawsuits are few and far between, but recently cases against Microsoft are stacking up all around the world. In 1890 the Sherman Anti-trust Act was passed, but it was not until ...
Related: antitrust, legislation, computer industry, public opinion, trial
- Business Ethics - 1,729 words
... r=s decision. Example 2: Price-fixing-Managers of firms manufacturing paper bags used for packaging foods, coffee, and other goods were fined for getting together and conspiring to fix the prices of those paper bags. When firms are operating in an oligopoly market, it is easy enough for managers to meet secretly and agree to set their prices at artificially high levels. Example 3: Manipulation of Supply-When hardwood manufacturers met periodically in trade associations, they would often agree on output policies that would secure high profits. Firms in an oligopoly industry might agree to limit their production so that prices rise to levels higher that those that would result from free co ...
Related: business conduct, business ethics, code of ethics, ethics, financial reporting
- Info On Tedd And Wilson - 1,130 words
Info On Tedd And Wilson Fun Fact: Sheep on the White House lawn? A flock of sheep grazed during Woodrow Wilson's term. Their wool was sold to raise money for the Red Cross during World War I. Fast Fact: Woodrow Wilson tried in vain to bring the United States into the League of Nations. Biography: Like Roosevelt before him, Woodrow Wilson regarded himself as the personal representative of the people. No one but the President, he said, seems to be expected ... to look out for the general interests of the country. He developed a program of progressive reform and asserted international leadership in building a new world order. In 1917 he proclaimed American entrance into World War I a crusade to ...
Related: info, wilson, woodrow wilson, political science, league of nations
- It Industry - 1,109 words
... sively high prices resulting from the carriers exercise of market power (4, 58). In 1996, Congress passes the Telecom Act which seeks to open local exchange to competition through facilities-based entry (9, 9). There are differences in local and long-distance carriers that show the structure of the industry. There are advantages and disadvantages for each type of carrier. The advantage of the IXCs over LECs is that their brand-name recognition is nation-wide, while the LECs only command regional brand-name recognition. But, it appears harder for IXCs to enter local markets than it is LECs to enter long distance markets (9, 36). Local exchange rates are under state control except for acce ...
Related: competitive industry, cambridge university, market share, bell system, larry
- The European Economic Community And The Euro Dollar - 1,655 words
The European Economic Community And The Euro Dollar EEC and the Euro Dollar The European Economic Community (EEC), also known as the common market, was established in 1957 through the treaty of Rome signed between Belgium, France, Italy, Luxembourg, the Netherlands, and Germany in order to achieve economic cooperation. "It has since worked for the free movement of labor and capital, the abolition of trusts and cartels, and the development of joint and reciprocal policies on labor, social welfare, agriculture, transport, and foreign trade." Over the years, monetary union has been suggested by the members of the EEC and was finally attained on January 1,1999 when eleven European countries, whi ...
Related: dollar, economic benefits, economic cooperation, economic costs, economic growth, euro, european commission
- Us Government Microsoft: Antitrust - 1,263 words
... and equality for its citizens in a number of ways. One of these means of protection is through antitrust laws. Antitrust laws are federal laws aimed at preventing individuals, trusts, corporations, or combinations of corporations from gaining or maintaining monopolies (Gilbert 27). Antitrust law was created by the Sherman Act (15 U.S.C.A. $ 1et.seq.) of 1890. The Sherman Act came in response to a consolidation of a majority of the manufacturing and mining companies into nationwide monopolies. A few of these monopolies included the Sugar trust, John D. Rockfeller's Oil Trust, known as Standard Oil, and J.P. Morgan's Steel Trust, also called U.S. Steel. The Sherman Act was purposefully va ...
Related: antitrust, trade commission, federal laws, software company, enterprise
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