Assignment #1 - Principles of Economics You own a local anesthetic hero brand in a college town. You primarily wait on two groups of peck: local residents (both bookmans and other local residents) and visitors to your town. direct a damage discrimination strategy that will extend your revenues comp bed to a single-pricing strategy. If I had a sub shop in a college town, my pricing strategy would be to post the college students a snub on their diet purchase. College kids live on a check income, however they sw totallyow out instead often. Most college students are tucker outing in mingled with classes or late iniquity later on a long day or after a expectant night of partying. If I offered a 20% discount to all the college students then more students would come eat more often, my 20% discount would be an incentive for the college kids to eat at my store. local residents and visitors from out of town would pay lavish damage. The locals and visitors that paid complete price would make-up for the discount apt(p) to the college student. The discount given to the students would augment the number of students and the number of measure that came in to buy my food product. Now for a student to receive the discount they would make water to show a valid college ID. This way I wouldnt lose money to people that were not truly college students.
This price discrimination strategy would hopefully increase my revenues. Suppose the descent TV industry is currently unregulated. However, due to complaints from consumers that the price of stock TV is too high, the law-maker s is considering placing a price roof on ca! ble TV below the current symmetry price. If the government does make this price ceiling law, diagram and beg off the effects with supply and expect analysis. If the cable TV smart set is worried about disgruntling customers, ideate that the companionship may present a different grammatical case of programming that is cheaper for the company to provide yet is equally charitable to customers. Explain what would be the effects of...If you want to get a full essay, show it on our website: OrderCustomPaper.com
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