Assessment & Homework: Price Discrimination

This is a two part assessment. 

Please complete  the 25 mark essay for homework (to be handed in Weds 21st Dec) and the 15 mark analysis question in your study period on Thurs 21st Dec. Please do this under a strict time limit of 20 mins.

1.‘On a typical train journey, there could be as many as twenty different fares being paid by passengers travelling between the same two stations.’  Using the concept of price discrimination to help you, explain how and why this might happen. (15 marks)

2.Is price discrimination always good for producers and bad for consumers? Justify your answer. (25 marks)