Microeconomics,, 16th Canadian Edition

b. Created Entry Barriers
5. The Very Long Run and Creative Destruction
D. 10.2 Cartels and Monopoly Power

1. The Effects of Cartelization


2. Problems That Cartels Face
   a. Enforcement of Output Restrictions
   b. Restricting Entry
   E. 10.3 Price Discrimination


3. When Is Price Discrimination Possible?
   a. Market Power
   b. Different Valuations of the Product
   c. Prevent Arbitrage


4. Different Forms of Price Discrimination
   a. Price Discrimination Among Units of Output
   b. Price Discrimination Among Market Segments
   c. Hurdle Pricing


5. The Consequences of Price Discrimination
   a. Price Discrimination and Firm Profits
   b. Price Discrimination and Output
   c. Price Discrimination and Consumers
   F. Summary


6. 10.1 A Single-Price Monopolist LO 1, 2


7. 10.2 Cartels and Monopoly Power LO 3


8. 10.3 Price Discrimination LO 4
   G. Key Concepts
   H. Study Exercises


9. Fill-in-the-Blank