Theory of third degree price discrimination
Anglų analizė. Introduction. Main arguments. Conclusion. Bibliography.
Taking everything into account, third degree price discrimination can be beneficial for the producers and consumers. However, there is should be a balance that market does not have losing out and there has to be regulations of the actions of business. Third degree price discrimination has a social welfare effect which depends on dissimilar person individuals, such that students can get better discounts than adults, students are not willing to pay whole price for the goods and businessman buy business class airline tickets which cost a lot of money.