Analyze and evaluate how any or all of the three broad forms of price discrimination are practiced in these industries.
‘Firms with market power set prices with the basic objective of capturing consumer surplus and converting it into additional profit for the firm and this goal can be achieved using price discrimination’. (i) Explain the above statement with the use of two real case studies from any country in the world. Select onecase study from the airline industry and one from the telecommunications industry. (ii) Analyze and evaluate how any or all of the three broad forms of price discrimination are practiced in these industries.
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