1. Price discriminate sounds like a socially "bad\" thing. Can you think of any reasons why price discrimination could be viewed as a socially "good" thing? 2. As markets for some products and services experience greater global competition, what is the likely consequence for the incidence of price discrimination? Do you think global competition fosters or impedes pnce discn'mination? Can you give any examples from your own work experience? 3. Although there is relatively little difference in the cost of producing hardcover and paperback books, these books sell for very different prices. Explain this pricing behavior. 4. A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize prots by selling a total of 20C! drinks (a night}. At the current prices, male customers buy 150 drinks, while female customers buy 50 drinks. At this allocation between markets, the marginal revenue from the last drink sold to a female customer is $0.50. . What should the bar do about its pricing? . If the bar sells 151 dnnks to males and 49 to females, what will be the increase {decrease} in total revenue