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A level Economics Monopoly-price D
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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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#2
(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
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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#3
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.
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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.
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.
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#5
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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