Description
Price discrimination or price differentiation exists when sales of identical goods or services are transacted at different prices from the same provider. In a theoretical market with perfect information, perfect substitutes, and no transaction costs or prohibition on secondary...
PRICE DISCRIMINATION
When the monopolist charges different prices from different buyers for the same good, he is known as a discriminating monopolist.
THE THREE DEGREES OF PRICE DISCRIMINATION
FIRST DEGREE PRICE DISCRIMINATION
SECOND DEGREE PRICE DISCRIMINATION
THIRD DEGREE PRICE...