Price discrimination
1. Perfect price discrimination : lets take example of auction when there is a auction of any commodity or product then price gets fixed of the product from the process of auction, the price may not be actual but for the process of auction the price gets fixed and the consumer has to pay high price for the product.
2. Market segment based price discrimination : lets take example of seniour citizens as there as in irctc i person of age 60 booked a ticket the particular person will be getting discount because the person is treated as seniour citizen.
3. Price discrimination by self selection : lets take example of paytm as it gives cash back in buying a product or commodity
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
Saturday, September 8, 2018
Price discrimination
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