You own a company with some market power. You sell l product. You would like to Implement perfect price discrimination. Your market research suggests that a large number of people would buy your product at $200. An even larger number of people would buy the product at $50, but not at $200. Your marginal cost per unit is $10. To maximize profit, you decide to set the price at $200, but also buy billboards across your market advertising a weekly sale: the price will be $50 on Mon, Wed and Fri from 12pm to close.

a)Is this likely to achieve a goal of perfect price discrimination? Why or why not?

b)Can you suggest any better way of executing your optimal pricing strategy?