Principle of Economics

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Principle of Economics
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Hey! Kindly find the attached answer. Thank you

Running head: PRINCIPLES OF ECONOMICS

Principles of Economics
Name
Institution
Date

PRINCIPLES OF ECONOMICS
Question 1
Price discrimination is defined as a pricing strategy which charges customers differently
for the same given product or service. In the case of pure discrimination, the seller charges each
customer the highest price. In price discrimination, the seller group customers based on specific
attributes such as level of income or their relationship. This is the same as to what happens in the
Ally bank – pony commercial video whereby the kids requested for a pony and on...

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