AGEC 314-599,700 Dr. Senarath Dharmasena (Spring 2021)
This module is worth 25% of your final grade.
To post answers, first click “Module 3” on eCampus class page, and then click “Submit
Assignments”. Then you will find submission links for each section of the module. You may
attach as a Word or a PDF file using attachment link. All work must be completed using the
provided. Open the Answer Template folder to obtain the template
Please do the following.
Read Chapters 7, 8, and 9 of your textbook (use the 7
edition of the textbook).
Also, watch and/or listen to lectures provided for each chapter (or combination of
Answer following Study Questions. You must answer questions on the
provided (285 points)
a) (10 points) Define and describe a price discovery system in general.
b) (10 points) Explain the
two major types of price discovery systems
at least 2 benefits and 2 disadvantages for each.
c) (10 points) Define and describe a price-setting system in general.
d) (15 points) Explain the
three major types of price setting systems
. Provide at
least 1 benefit and 1 disadvantage for each.
e) (10 points) Are these two systems independent of each other? Explain.