A level Economics Monopoly-price D

A level Economics Monopoly-price D Watch

John123hi

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Why can Mc Donalds at a motorway service station charge higher prices than restaurants in high street? How and why is price discrimination related to this? Thanks

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harrysbar

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(Original post by John123hi)
Why can Mc Donalds at a motorway service station charge higher prices than restaurants in high street? How and why is price discrimination related to this? Thanks

I don't know much about Economics but I would suggest lack of competition at the motorway service station? Just my own observation while buying an overpriced coffee at a service station

GP-Luffy

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I'm thinking that McDonalds have a monopoly on the motorway service station whereas restaurants are considered perfect competitions unless you specifically mention they specialise in different cuisines.

John123hi

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(Original post by GP-Luffy)
I'm thinking that McDonalds have a monopoly on the motorway service station whereas restaurants are considered perfect competitions unless you specifically mention they specialise in different cuisines.

Do you know how I can link this to price discrimination? because thats the question. Thanks

GP-Luffy

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Price discrimination means you are able to charge different prices to either at different times or target different groups of people. McDonalds can charge cheaper price for breakfast meals and have special prices for kids meal so I assume that's the case.

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A level Economics Monopoly-price D Watch

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