ECON 201 Lecture Notes - Lecture 14: Imperfect Competition, Monopolistic Competition, Oligopoly
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Discounts for seniors, students and people who can attend during weekend afternoons. They are likely to have lower wtp than people who pay full price on. Discounts for saturday-night stayovers help distinguish business travelers, who usually have higher wtp,from more price-sensitive leisure travelers. Discount coupons: people who have time to slip and organize coupons are more likely to have lower income and lower wtp than others. Low income families have lower wtp for their children"s college education. Schools price-discriminate by offering need-based aid to low income families. Ban some anticompetitive practices, allow govt to break up monopolies. For natural monopolies, mc
