Micro Economics

1.Define the three types of price discrimination, clearly stating the different information requires of each type of discrimination. 2. Find a real-world example of second-degree price discrimination. Describe the important aspects of your example in detail and analyse it using economic theory. In particular, how does the producer discriminate between the types of consumers? That is, how does the producer get the consumers to reveal their private information (their type)? 3.What are the welfare implications of the discrimination in your example? Is there a potential role for government to regulate the practice?