Question
Evaluate the following comments: You can refer to any of the supplied diagrams if this helps your analysis. a. Price discrimination may be profitable for
Evaluate the following comments: You can refer to any of the supplied diagrams if this helps your analysis. a. "Price discrimination may be profitable for firms, but it comes at a significant cost to consumers, and generally to society overall. Society should not have to accept such practises, which are unfair and leads to loss welfare and efficiency." [6 marks] b. "Why is the idea of using pollution permits so controversial? It's no different to issuing licences and quotas for fishing and hunting, which is accepted and commonplace all over the world." [6 marks]
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