-Define Price Discrimination

question 260

Essay

-Define price discrimination.What factors must be present in order for a firm to price discriminate? Why do firms price discriminate?

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Definitions:

Delayed Reinforcer

A reward that does not immediately follow an action but is delayed for a certain time.

Primary Reinforcer

A stimulus that satisfies a basic biological need and is inherently rewarding.

Variable-ratio Schedule

A reinforcement schedule where a response is rewarded after an unpredictable number of responses, commonly used in behavior analysis.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any conditioning.