Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Price politics: What is the economic justification for setting low prices to one group and high prices to other groups (indicate the type of discrimination

Price politics:

What is the economic justification for setting low prices to one group and high prices to other groups (indicate the type of discrimination applied)? Do you think that price discrimination strategies should be regulated by the government? Justify your answer and include an example to support your argument, indicating if it is positive for consumers or producers. What is the difference between Discrimination and Diversification of a company. Justify your answer and include an example of each: Explain with the Entertainment Industry or similar. Explain why vertical integration reduces production costs, and include the example of a company that has applied this strategy. In order to describe the concentration and identify the market structure of the banking sector, the information on bank deposits for 2015 of the different financial institutions in Mexico is analyzed (see attached tables), consider the deposits to measure the size of the institutions.

Calculate the concentration index for 4 companies, indicate how competitive the market is. Indicate the main institutions that cover 80% of the market Calculate the HH Index and identify the market structure

Bank Institution Deposits
Banco Azteca 5,874,876
BanCoppel 7,444,997
Banco Ahorro Famsa 289,659
Multiva 68,645
Banamex 22,040,040
Banorte/Ixe 10,824,487
Monex 289,869
Inbursa 1,173,310
Interacciones 4,163
Scotiabank 3,078,813
Banregio 364,438
BBVA Bancomer 16,755,684
HSBC 5,710,598
Banco del Bajo 921,712
Intercam Banco 65,453
Santander 8,936,886
CIBanco 55,029
Banco Base 9,923
Inmobiliario Mexicano 713
Compartamos 921,657
Afirme 1,085,319
Dond Banco 8,181
Autofin 13,835
Investa Bank 232
American Express 12
Bank of America 1,606
Bank of Tokyo-Mitsubishi UFJ 1,446
J.P. Morgan 387
Ve por Ms 23,608
Invex 6,597
Bans 32,050
Actinver 68,582
ABC Capital 3,730
Consubanco 6,127
Banco Bancrea 2,601
Banco Pagatodo 798
Banco Sabadell 1,604
Banca Mifel 30,430
ICBC 16
Mizuho Bank 116
Finterra 86
Bankaool 51,922
Deutsche Bank 1

Suppose a swimsuit company in a hotel have the following cost function: CT = Q ** 2 + 5Q + 20 Where Q is the number of swimsuits you sell (in thousands per season)

And the following demand functions are estimated for the company, considering that the product has two customer segments. Foreign customers (consumer type 1) P_1 = 100-10 Q_1 National clients P_2 = 50-2 Q_2

Where P_1: is the price in dollars that the company should offer to type 1 consumers Q_1: is the consumer demand type 1 P_2: is the price in dollars that the company should offer to type 2 consumers Q_2: consumer demand type 2

Given the above information, answer the following:

Which group is willing to pay the most for a bathing suit?

If the company applies 3rd degree price discrimination, - What would be the price for national clients - What would be the price for foreign customers - How many coats will the company produce - What would be your benefits with price discrimination

If I had to offer the swimsuits at the same price - At what price would you have to offer the swimsuits - How many suits would Isell - What would happen to their profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

Students also viewed these Economics questions

Question

How do we do subnetting in IPv6?Explain with a suitable example.

Answered: 1 week ago

Question

Explain the guideline for job description.

Answered: 1 week ago

Question

What is job description ? State the uses of job description.

Answered: 1 week ago

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago