Examlex
use the table to answer the follwoing question :
-If an individual could charge a different price to each consumer in both cities (perfect price discrimination) ,how much more would this person earn compared to when he or she can charge a single price to everyone (monopoly) ?
Coercive Power
A form of power that is based on the ability to deliver punishments or impose sanctions on others.
Referent Power
is the influence one has over others based on their loyalty, respect, or admiration towards the person.
Expert Power
Influence or authority derived from the expertise, skills, or knowledge that a person has in a particular area.
Allocate Sufficient Resources
To distribute adequate amounts of resources or materials (such as time, money, or manpower) to complete tasks or achieve goals effectively.
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