Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ECON101 > Ch. 16 Price Discrimination > Flashcards

Ch. 16 Price Discrimination Flashcards

1
Q

Price Discrimination

A

Selling the same amount of product at different prices

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Reservation Price

A

The maximum price a customer will pay for a product; equals marginal benefit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Perfect Price Discrimination

A

Charging each customer their reservation price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Group Pricing

A

Price discrimination by charging different prices to different groups of people

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Hurdle Method

A

Offer lower prices only to those buyers who are willing to overcome some hurdle or obstacle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

ECON101 (14 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions