Econs timed assignment qn
hey..all those who didnt manage to find the qn on emb here it is:
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.
edit:i've decided to type the 2nd qn here too because most people dont know too.more convenient anyway.how nice of me..(ok just jk)
In august 1996, for what was thought to be the first time in the African sub-continent, a private company was contracted by the government to manage electricity distribution in Northern Namibia.
a) Explain why governments throughout the world have been involved in the supply of services such as electricity.
b) Discuss on the policies that governments can use to regulate these companies.
-val
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