Question

In the US, this practice is prohibited by the Robinson-Patman Act when it causes “primary line” competitive injury across state borders. (10[1])Marcel Boiteux (“bwah-TUH”) built upon Frank Ramsey’s finding that this practice may maximize social welfare. The two-part tariff is an example of this practice in which a product has both lump-sum and per-unit components. (-5[1])The third-degree version of this (10[1])practice relies on an exogenous signal to segment a market. When this practice is performed perfectly, deadweight loss (-5[1])and consumer surplus are eliminated. This practice usually (10[1])disadvantages consumers (10[1])with lower elasticities of demand. For 10 points, name this practice exemplified by senior discounts, in which a firm charges different amounts to different customers. ■END■ (10[3]0[1])

ANSWER: price discrimination [prompt on differential pricing; prompt on predatory pricing]
<Social Science>
= Average correct buzz position

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Buzzes

PlayerTeamOpponentBuzz PositionValue
Geoffrey WuColumbia ABard A2010
Arjun BothraHaverford ALehigh A53-5
Vishal KanigicherlaPenn AJohns Hopkins A5810
Maximilian NieburJohns Hopkins BPenn State B76-5
Vedh RameshPenn BColumbia B8410
Emma Victoria ByronRutgers CRutgers A8610
Chase BarrickLehigh AHaverford A11210
Robert WangPenn State BJohns Hopkins B11210
Rahul Rao-PothurajuRowan APenn State A11210
Teigue KellyPenn State ARowan A1120

Summary

2024 ACF Winter at Clemson2024-11-16Y667%0%50%110.50
2024 ACF Winter at Lehigh2024-11-16Y7100%0%29%83.43
2024 ACF Winter at Northwestern2024-11-16Y967%0%44%82.83
2024 ACF Winter at Ohio State2024-11-16Y743%0%71%90.33
2024 ACF Winter at UBC2024-11-16Y333%0%67%105.00