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 is an example of this practice in which a product has both lump-sum and per-unit components. The third-degree version of this practice relies on an exogenous signal to segment a market. When this practice is performed perfectly, deadweight loss and consumer surplus are (-5[1])eliminated. This practice (-5[1])usually disadvantages consumers with lower elasticities of demand. For 10 points, name this practice exemplified by senior discounts, in which a firm (10[1])charges different amounts to different customers. ■END■ (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
Justin Qian (DII)UBC BAlberta80-5
Matthew Wang (UG)UBC AUW B83-5
Kevin YeSFUUW A10510
Anne Fjeld (DII)AlbertaUBC B1120

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