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Economics 211 Price Discrimination Research Paper

Step 2. Explain 3rd Degree Price Discrimination

After thoroughly examining your assignment, now it's time to look for some initial background research on Price Discrimination.  Try a search in the following database to learn more about your topic.

Analyze Price Discrimination

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What is 3rd degree price discrimination?

What criteria must be met for a firm to engage in 3rd degree price discrimination?

What industries use price discrimination?

Why do some industries choose to use price discrimination?

Why would a firm use 3rd degree price discrimination?

How does elasticity of demand, willingness to pay, and consumer surplus play into price discrimination?

Is price discrimination a fair and ethical business practice?