1Monopoly Price DiscriminationChapter 15-4Laugher CurveThe First Law of Economics:For every economist, there exists an equal and opposite economist.The Second Law of Economics:They're both wrong. Price DiscriminationUnder certain conditions, a firm with market power is able to charge different customers different prices. This is called price discrimination. The Price-Discriminating MonopolistzPrice discriminationis the ability to charge different prices to different individuals or groups of individuals.
has intentionally blurred sections.
Sign up to view the full version.