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1. For each of the following scenarios, describe what type of price discrimination is oc- curring (first, second, or third degree) and why. What is the mechanism for the price discrimination? (a) A tech company uses a database of online activity to perfectly price their product for each consumer based on their budget and preferences. (b) A cable company offers several different cable packages with different channels and different costs. (c) A feed store offers a bulk discount for anyone who purchases more than a ton of feed. (d) A hardware store sells small envelopes of seeds a very high price per pound and offers bulk seeds at much lower cost per unit. (e) A restaurant offers a happy hour discount to customers who order their food before 5:30pm. (f) A bar doesn't charge a cover if you arrive before 9pm, but does charge if you arrive later in the night. (g) A telecom company offers a military and veterans discount. (h) An airline charges much higher prices for tickets booked within one week of travel compared to tickets booked in advance.

1. For each of the following scenarios, describe what type of price discrimination is occurring (first, second, or third degree) and why. What is the mechanism for the price discrimination? (a) A tech company uses a database of online activity to perfectly price their product for each consumer based on their budget and preferences. (b) A cable company offers several different cable packages with different channels and different costs. (c) A feed store offers a bulk discount for anyone who purchases more than a ton of feed. (d) A hardware store sells small envelopes of seeds a very high price per pound and offers bulk seeds at much lower cost per unit. (e) A restaurant offers a happy hour discount to customers who order their food before 5:30pm. (f) A bar doesn't charge a cover if you arrive before 9pm, but does charge if you arrive later in the night. (g) A telecom company offers a military and veterans discount. (h) An airline charges much higher prices for tickets booked within one week of travel compared to tickets booked in advance

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