The Text Argues That the Negative Consequences of Globalization Are

question 18

Essay

The text argues that the negative consequences of globalization are not restricted to economic and cultural effects.Discuss some of these other kinds of consequences.

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Definitions:

Third-Degree Price Discrimination

A pricing strategy where different prices are charged to different groups of consumers for the same product, based on elasticity of demand.

Monopoly Power

The ability of a single seller to set prices and control the market for a good or service without significant competition.

Peak-Load Pricing

Practice of charging higher prices during peak periods when capacity constraints cause marginal costs to be high.

Two-Part Tariff

Form of pricing in which consumers are charged both an entry and a usage fee.