PPT-Price discrimination in monopolistic competition

In this chapter look for the answers to these questions What market structures lie between perfect competition and monopoly and what are their characteristics How do monopolistically competitive firms choose price and quantity Do they earn economic profit. PERFECT COMPETITION, MONOPOLY, MONOPOLISTIC COMPETITION, AND OLIGOPOLY: GRAPHING TIPS (1) For all firms, the MC curve must intersect the ATC at the minimum of the ATC curve.(2) When a firm is mabe PERFECT COMPETITION, MONOPOLY, MONOPOLISTIC COMPETITION, AND OLIGOPOLY: GRAPHING TIPS (1) For all firms, the MC curve must intersect the ATC at the minimum of the ATC curve.(2) When a firm is mabe Learning Objectives:. Explain the meaning of price discrimination. What conditions must hold for price discrimination take place? . Why is it impossible for a PC firm to practice price discrimination. . of Scale, Imperfect Competition, . and International Trade. Introduction. Economies of Scale and International Trade: An Overview. Economies of Scale and Market Structure. The Theory of Imperfect Competition. Brandon Chang, Thomas Chang. Monopolistic Competition . Characteristics. Market structure where there are large number of sellers.. Sells slightly differentiated products.. Has some price setting power. Perfect Competition. Monopolistic Competition. Oligopoly. Monopoly. No Barriers to Entry (2 answers). Perfect Competition. Monopolistic Competition. Oligopoly. Monopoly. Interdependence. Perfect Competition. Pure (or Perfect). Competition. Pure Monopoly. Number of Firms. VERY large number of firms. Only ONE firm. The firm IS the industry. Price making abilities of individual firms. Each firm is so small that changes in its own output do not affect market price, i.e. firms are price takers. Monopolistic Competition. Prepared by:. Fernando Quijano. Dickinson State University. 6. 1. Basics of Imperfect. Competition. 2. Trade under. Monopolistic. Competition. 3. The North. American Free. Trade Agreement. 13. McGraw-Hill/Irwin. Copyright. . © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Monopolistic Competition. Relatively large number of sellers. Small market shares. No collusion. Independent action. Prices is influenced by:. The Nature of the Market. Consumer Demand of Product. Production and Marketing Costs. Consideration of Channel Members. Before pricing is established, you must recognize what type of market you are in:. Price Discrimination. Examples. Paper towels, soft drinks in supermarket. Software. Mass discount. Business class. Economy . class. Air fares. US. . 10$ . per pack. China 1$ per pack. Microsoft office $750. Chapter 7. Section 1. Perfect Competition. The market structure called perfect competition has the following conditions:. 1. Many buyers and sellers participating in the market. 2. Sellers offer identical products. 20. 9 July 2019. 1. 20. .1 Antitrust: Price Discrimination and the Robinson-. Patman. Act. 15 July 2019. 2. The . Robinson-. Patman. Act is the most controversial of the antitrust statutes. . Passed . COURSE . CODE-ECONA 102. B.A.-IST YEAR. SESSION-2021-22. SGGSJ GOVT.COLLEGE PAONTA SAHIB. RAVI KANT. ASSISTANT PROFESSOR. DEPTT. OF ECONOMICS. COURSE OUTLINE. UNIT-I: Theory of a Monopoly. UNIT-II: Monopolistic Competition and Oligopoly.