| Basics/The Reading | The Future |
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2nd degree
What degree of price discrimination is also known as volume pricing?
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First or third
What degree of PD is getting hyper specific with the advancement of technology? (Two possible answers)
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Disparate treatment: intentional discrimination towards groups of people
Disparate impact: the unintentionally discriminatory consequences of a seemingly neutral policy or law
What is the difference between disparate impact and disparate treatment?
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Consumers face a lower price than they would have otherwise with the advantage of discounting/coupons, shorter search time
What is one advantage to consumers regarding current price discrimination?
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Yay! Correct!
For each degree of PD, give two real life examples.
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Consumer surplus is lost, some consumers may pay more for items, privacy concerns
Name two disadvantages to consumers regarding current price discrimination.
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The firm must possess market power.
Firms must be able to identify consumers directly or indirectly.
What are the three conditions necessary for price discrimination?
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Lots of different answers!
Name two ethical concerns that were discussed today regarding hyper personalized price discrimination.
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Yay! Nice job!
Name five different aspects that producers can separate markets by.
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Blue
What color was Jeff Bezos' shirt in the presentation?
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