Advantages of Price Discrimination
1. Firm will be able to increase revenue. This may enable some firms to stay in
business who may have otherwise have made a loss. E.g. train companies need
price discrimination to offer off peak travel
2. Increased revenue can be used for Research and Development
3. Some Consumers will benefit from lower fares. E.G. old people can take
advantage of cheaper fares on trains.
Disadvantages of Price Discrimination
1. Some Consumers will face higher prices, leading to allocative inefficient
and a loss of consumer surplus.
2. Often those who benefit from lower prices may not be the poorest. For
example some old people may be quite rich, but unemployed will have to
pay the full adult fare.
3. There may be administration costs involved in separating the markets
Price discrimination is the practice of charging different prices to different groups for the same item. Some advantages of price discrimination are that companies can increase profits and the some people will get lower prices. Some disadvantages are that some will end up paying higher prices and that there could be increased costs in order to separate the markets.
An advantage to price discrimination to producers is that firms will be able to increase sales. A disadvantage to consumers is that it can cause things to cost more.
advantage is its fpree. Disadvantage is that its not fpree.
Advantage and disadvantage are complete opposites. An advantage is something which is beneficial to an individual. A disadvantage would be not to ones benefit.
Price discrimination is indistinguishable
The advantages are that it allows more opportunities for businesses. Disadvantages are that the businesses are not properly regulated.
An advantage to price discrimination to producers is that firms will be able to increase sales. A disadvantage to consumers is that it can cause things to cost more.
Disadvantage. If you are someone 50+ in the United States getting a job is virtually impossible. It doesn’t matter education level or training.
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What are the advantage and disadvantage of fidelio?"
it is more acceseble and low in price compaire to other projectors
An advantage of informal education is it cheaper, a disadvantage is it depends on how fast a person learns. An advantage of formal education is it is taught to a large group of people, a disadvantage is the high price.
what are the advantage and disadvantage branch libraries
advantage is its fpree. Disadvantage is that its not fpree.
what are the advantage of and disadvantage of sampling method
Advantage and disadvantage are complete opposites. An advantage is something which is beneficial to an individual. A disadvantage would be not to ones benefit.
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