Applied Microeconomics

1. Explain the difference between first and second degree price discrimination. (10 marks) 2. Explain how a business can use price discrimination to increase profits (50 marks) 3. Describe and explain the circumstances under which a business would have to use price discrimination in order to make any sort of profit. (40 marks) ## Deliverables You will need to provide me with references (Harvard system), and bibliography. Relevant diagrams where appropriate. Report length 1500-2000 words, diagrams should not be included on the word count. ## Platform Windows 2000. Word format. ## Deadline information Must be completed and delivered by 01/10/2003 11:59:59AM