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Unformatted text preview: and increase price Rent seeking – Activities undertaken by individuals or firms to influence public policy in a way that will increase their incomes Price Discrimination – Increasing profit b charging different groups of consumers different prices when the prices differences are not justifies by differences in production costs Perfectly discriminating monopolist – A monopolist who charges a different price for each unit sold; also called the monopolist’s dream...
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This note was uploaded on 04/29/2008 for the course EC 11 taught by Professor Kelly during the Fall '07 term at Fairfield.
- Fall '07