TAILIEUCHUNG - Lecture Microeconomics: Theory and applications (12/e): Chapter 12 - Browning, Zupan

Chapter 12 - Product pricing with monopoly power. In this chapter students will be able to: Explain price discrimination, the various degrees of price discrimination, and how price discrimination can increase a firm’s profit; spell out the three necessary conditions for a firm to be able to engage in price discrimination; explain the mathematics behind price discrimination. | MICROECONOMICS: Theory & Applications By Edgar K. Browning & Mark A. Zupan John Wiley & Sons, Inc. 12th Edition, Copyright 2015 Chapter 12: Product Pricing with Monopoly Power Prepared by Dr. Della Lee Sue, Marist College Learning Objectives Explain price discrimination, the various degrees of price discrimination, and how price discrimination can increase a firm’s profit. Spell out the three necessary conditions for a firm to be able to engage in price discrimination. Demonstrate how, under third-degree price discrimination, market segments that have less elastic demand end up being charged a higher price, all else being equal. (continued) Learning Objectives (continued) Show how intertemporal price discrimination, a type of third-degree price discrimination, can increase a firm’s profit. Explore how two-part tariffs, a form of second-degree price discrimination, can increase a firm’s profit. Explain the mathematics behind price discrimination. PRICE DISCRIMINATION .

• Kinh tế học
• Microeconomics theory
• Microeconomics applications
• Lecture Microeconomics
• Kinh tế vĩ mô
• Product pricing
• Monopoly power
• Scope of microeconomic theory
• Normative analyses
• Consumer choice
• Theory of consumer choice
• Consumer choice theory
• Excise subsidies
• Game theory
• Economics of information
• Demand curves
• Supply curves
• Consumption choices
• Substitution effects
• Economic efficiency
• Competitive equilibrium
• Relating output to inputs
• Empirical estimation
• Cost of production
• Shortrun cost
• Profit maximization
• Perfectly competitive markets
• Competitive model
• Excise taxation
• Monopolist’s demand
• Marginal revenue curves