hey!! i rmb the lecturer saying there's a change of question for the timed assignment but it slipped off my mind.. now tt my fren reminded me! (thanks to cheryl from s71) hope it's not too late! here's the changed question!
In the UK, train tickets may be obtained more cheaply if they are bought in advance. In August 2000, the railway companies jointly announced that these cheap tickets would be available only at major stations. Passengers living near smaller stations would, therefore, have to pay the full cost of the ticket.
a) Explain what is meant by price discrimination and discuss whether this is an example of price discrimination.
b) Identify the type of market structure that enables companies to practice price discrimination, and discuss whether that market structure is ever beneficial to consumers.
there's another problem.. i dunno this question replaced the original question1 or 2.. but according to my fren, she says it replaces the easier question (i suppose is question1 but not sure).. anyway. tt's all i can do.. anyone has any way to check? ask ms tay? then pls confirm on the tagboard! thanks!
jiayou for econs n chem test on monday!
