Eco-08

A firm engages in price discrimination when it charges different prices for different units of the same good. Specifically, the firm will charge prices such that the quantities demanded by each group are those where marginal revenue equals marginal cost. For example, Adobe uses price discrimination by having businesses, individuals, and students pay different prices for the same software. Give two examples each of other businesses that use a) no price discrimination, b) imperfect price discrimination, and c) perfect price discrimination, along with an explanation of the characteristics of goods or service and the buyers