Notes on Price Discrimination

Notes on Price Discrimination - MONOPOLISTIC COMPETITION...

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Sheet1 Page 1 Econ Notes" price discrimination- different prices to different customers related to cost difference 3rd degree discrimination- two different prices 1st and 2nd Degree discrimination: 1st- the monopolist is able to charge every single person a different price ( no dead weight loss)
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Unformatted text preview: MONOPOLISTIC COMPETITION number of firms= many product different= every firm slightly different entry=relatively easy How is price and TP determined ~In the short run just like monopoly...
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This note was uploaded on 04/21/2008 for the course ECON 2010 taught by Professor Aljamal during the Spring '06 term at Western Michigan.

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