LG9 - 4. Be able to explain what determines the market...

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University of Wisconsin Department of Economics Economics 301: Intermediate Microeconomic Theory Korinna K. Hansen Learning Guide 9 Due Date: Wednesday, April 23, 2008. Reading Assignment: Varian Chapter 25 (The whole chapter) Problem Assignment: Problems 2, 3 and 4 on page 467. Objectives: After completing the assignment you should be able to do the following: 1. Be able to describe and explain and graph first-degree price discrimination. 2. Be able to describe and explain and graph second-degree price discrimination. 3. Be able to describe and explain and graph third-degree price discrimination.
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Unformatted text preview: 4. Be able to explain what determines the market price for bundles of goods. 5. Describe the two-part tariff system and use a graph to explain how it works. 6. Be able to define the market structure of a monopolistically competitive industry. 7. Be able to graph and describe the short run and long run equilibrium for the monopolistically competitive firm. 8. Be able to describe the location model of product differentiation....
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This note was uploaded on 08/08/2008 for the course ECON 301 taught by Professor Hansen during the Spring '08 term at Wisconsin.

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