Social cost of monopoly, Microeconomics

Price Discrimination: occurs when the same product is sold at different prices to different consumers. A monopolist divided his consumers into groups and sells his product at varying prices to them. Price discrimination is applied in order to increase the profits earned. Some consumers are willing to pay more for a commodity. The monopolist recognizes this fact and charges them a higher price. This enables him to earn a greater profit than he would have got by charging a common price.

Posted Date: 3/13/2013 1:10:45 AM | Location : United States







Related Discussions:- Social cost of monopoly, Assignment Help, Ask Question on Social cost of monopoly, Get Answer, Expert's Help, Social cost of monopoly Discussions

Write discussion on Social cost of monopoly
Your posts are moderated
Related Questions
A film studio in Hollywood produces movies according to the function q = F(K;L) = (2=100)K^0.5L^0.5 In the short run, capital (studios, gear) is xed at a level of 100. It costs $

Equation (1) gives a hypothetical demand curve for hybrid vehicles in the United States during the year 2000, where Q is the quantity demanded and P is the price. Equation (2) giv

The Equilibrium Consumption Combination equilibrium for the person occurs at the point where the indifference curve, shown by II, is tangent to the budget line, portrayed by BB. T

Describe what the price elasticity of demand is and why it is of interest in examining markets.  Might it be beneficial in the airline industry?  Why?


HOW DO YOU ADJUST FISCAL POLICY FOR INTERNAL BALANCE

if a commodity has limited demand , should economist say that we still have a scarcity ?

analyse the rise and fall in the price under market equillibrium situation?

Consider a thin transparent plate whose thickness d(x,y) is a square (instead of a sinusoidal) periodic function of x of period Δ=λ. Show that the angle θ between the diffracted wa

The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot