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For each one of the items below, decide if it involves no price discrimination, rst degree price discrimination, second degree price discrimination, third degree price
For each one of the items below, decide if it involves no price discrimination, rst degree price discrimination, second degree price discrimination, third degree price discrimination. Cases of \"no price discrimination\" may occur when prices are different for products that are different in quality. Provide at least one sentence to explain your answer in each case. Q points each). In some cases, different choices can be correct, depending on the validity of the explanation. Here is an example of how two different answers could be correct: Higher prices for \"First Class\" seats on an airplane: Third-degree price discrimination. This is because it is charging higher prices to people whose company is willing to pay from them to travel first class, while most people on business travel can only get their company to pay for regular seating. No discrimination. This is because a rst-class seat offers more luxury in terms of space and amenities, so the quality of the product (of a plane ticket) is higher. However, for this assignment, provide only one answer, with only one explanation. The answers should be complete in order to get credit. For example, if your explanation is that two goods are different, and therefore there is no discrimination, you must explain how they are different - not just say they are different. 1. Light bulbs costing $3 each, or $25 for 10 of them. 2. Tuition at a state college costing less for state residents than for out-ofstate students. 3. Cheaper mortgage rates offered to members of the military. 5. Finding out that someone is selling a used car in Craig's list, and meeting with them to negotiate the price. 6. Kosher and Halal meat products costing more, on average, than other meat products of the same type. 7. More expensive \"fast pass\" tickets at amusement and theme parks that give people shorter waiting times for rides. 8. A painting being sold at an auction to the highest bidder. 9. Stores selling tomatoes at a lower price to get them off the shelves because they are getting a little old and won't last much longer. 10. Lower monthly cost at the gym if you pay for an annual membership than for a monthly membership
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