a) (2 points) In the New York Fulton fish market, the price…
a) (2 points) In the New York Fulton fish market, the price of fresh whiting (a type of fish) starts high in the morning and slowly deceases as the day passes. It appears that fish sellers in this market might be engaging in ____________________ price discrimination. Your friend (who understands price discrimination very well) is not quite convinced that sellers are actually engaged in price discrimination. Please give two reasons for why your friend might not agree with you. This response has a 60-word limit b) (1 point) Do you expect the retail service to be lower in a vertically integrated channel or in a channel with independent manufacturer and retailer? (Assume that there is no competition in the retail market). Why? This response has a 50-word limit