Price Discrimination: Pricing strategies, Collusion: Types of Auctions
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Assignment
Instructions
Question 1
Explain a time you encountered non-uniform pricing, or price discrimination. Identify the type of price discrimination it was.
Using the criteria necessary for price discrimination,
o evaluate how well that good fit price discrimination.
o Finally, evaluate the effect such price discrimination has on you and society.
No references or citations are necessary unless otherwise used
Reference material: (Price Discrimination/ Pricing Strategies)
1. https://www.investopedia.com/terms/p/price_discrimination.asp
&
2. https://www.economicshelp.org/blog/1021/business/pricing-strategies/
Question 2
Identify a situation from your own experience that involves making decisions using expected value, and detail the different options, expectations, and payouts.
o Discuss the risks involved with those expectations and, if applicable, the payouts.
o Include in your discussion an explanation of how to determine how much information to gather to minimize uncertainty.
o Finally, explain which decision should be made.
No references or citations are necessary unless otherwise used
Reference material: (Collusion/ Types of Auctions)
1. https://www.investopedia.com/terms/c/collusion.asp#:~:text=Collusion%20is%20a%20non%2Dcompetitive,gain%20an%20unfair%20market%20advantage
&
2. http://www.econport.org/content/handbook/auctions/commntypes.html
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