Question

In the US, this practice is prohibited by the Robinson-Patman Act when it causes “primary line” competitive injury across state borders. Marcel Boiteux (“bwah-TUH”) built upon Frank Ramsey’s finding that this practice may maximize social welfare. The two-part tariff (-5[1])is an example of this practice in which a product has both lump-sum and (10[1])per-unit components. (-5[1])The third-degree version of this practice relies on (10[2])an exogenous signal to segment a market. When this practice is performed perfectly, deadweight loss and consumer surplus are eliminated. (-5[1])This practice (-5[1])usually disadvantages consumers (0[1])with lower elasticities of demand. For 10 points, name this practice exemplified by senior discounts, (10[1])in which a firm charges different amounts to different customers. (10[1])■END■ (10[1]0[2])

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

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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

Buzzes

PlayerTeamOpponentBuzz PositionValue
Ethan SkolnickWashU CWashU D37-5
Jack CaseyUIUC CPurdue B5110
Jiping FangUIUC DPurdue D53-5
Arthur GaydenUChicago AUChicago B6110
Sam KonkelUChicago CUIUC B6110
Akshar GoyalUIUC APurdue A81-5
Jacob PuthipirojNorthwestern APurdue C83-5
Henry LytleWashU DWashU C860
Danila KabotyaIndiana AWashU B10110
Matthew WestPurdue AUIUC A11110
Emmett ChoUChicago DMiami1120
Lucas GagenMiamiUChicago D1120
Davis JohnsonPurdue DUIUC D11210