Conditions of Price Discrimination:
Price discrimination is only possible when the conditions below are fulfilled:1. The demand should not be transferable from the high priced market to the low priced market. When rich people do not purchase the high-priced deluxe edition of the book, however wait for low-priced popular edition to come out, and then personal discrimination will be unsuccessful.
2. The monopolist must keep the two markets or various markets separate, therefore the commodity will not be moving from one market to another. When it is possible to purchase the product in the cheaper market of the monopolist and trade it in the dearer market, there can never be two costs for the commodity. When the industrial buyer of cheap electricity employs it for domestic consumption, then trade discrimination will be unsuccessful.
The above two situation are necessary to adopt price discrimination.
Latest technology based Economics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Business Economics help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Business Economics, project ideas and tutorials. We provide email based Business Economics help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Business Economics. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Business Economics. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!