Microeconomics,, 16th Canadian Edition

shown by the light shaded row. The firm can increase its profits, however, if it can charge different prices in the two market s ...

A more local example of price discrimination among market segments is the different prices charged by movie theatres for adults ...

prevents entrepreneurial shoppers in these situations from buying a large number of units at the special price and re-selling th ...

Another familiar example of hurdle pricing involves coupons for discounts at grocery stores. Many households receive grocery-sto ...

The Consequences of Price Discrimination We can examine the consequences of price discrimination for firm profits, output, and c ...

Price Discrimination and Output Our second proposition relates to how price discrimination affects the level of output: A profit ...

being generated in the market and thus a more efficient outcome for society as a whole. For a monopolist that price discriminate ...

By increasing the seller’s profits, price discrimination transfers income from buyers to sellers. When buyers are poor and selle ...

Summary ...

10.1 A Single-Price Monopolist LO 1, 2 Monopoly is a market structure in which an entire industry is supplied by a single firm. ...

10.2 Cartels and Monopoly Power LO 3 A group of firms may form a cartel by agreeing to restrict their joint output to the monopo ...

10.3 Price Discrimination LO 4 Any firm that faces a downward-sloping demand curve can increase its profits if it can price disc ...

Key Concepts The relationship between price and marginal revenue for a monopolist Short-run monopoly profits Natural and created ...

Study Exercises MyLab Economics Make the grade with MyLab Economics™: All Study Exercises can be found on MyLab Economics™. You ...

Fill-in-the-Blank 1. Fill in the blanks to make the following statements correct. a. A perfectly competitive firm faces a demand ...

a. If all firms in an industry joined together and behaved as a single seller, they could maximize their joint. We refer to such ...

beyond the monopoly level. Total economic surplus and the outcome is more. ...

Review 4. Imagine a monopolist that has fixed costs but no variable costs (thus there are no marginal costs, so For example, con ...

electricity transmission municipal sewage services a popular social-media platform delivery of first-class mail in Canada taxica ...

b. Now suppose that the farmers in this industry form a cartel and collectively agree to restrict the industry output of corn to ...