Posted: December 14th, 2021
The idea that transactions in a marketplace work like an invisible hand is to some extent the idea that when a person chooses to buy an item at a given price, they are happy with the deal. There is no coercion. If the person really does not like the deal, they simply walk away.
This week’s discussion will give you an opportunity to explore direct and indirect price discrimination within the context of a hypothetical scenario.
For this discussion, use the following hypothetical scenario as the basis for your response:
Address the following in your discussion post:
Note: In your discussion posts for this course, do not rely on Wikipedia, Investopedia, or any similar website as a reference or supporting source.
To earn full credit for your discussion, you must complete one post and one follow-up or reply to a classmate. Make sure both the post and the reply focus on the questions asked.
Place an order in 3 easy steps. Takes less than 5 mins.