The sixth in a series of Microeconomics notes exploring market structure - organizational characteristics and features of a market that determine the behavior of firms operating within it and the outcomes in terms of prices, competition, and efficiency.
This resource takes a look at the concept of price discrimination. It covers:
- Definition of price discrimination
- Conditions required for price discrimination by a firm to succeed.
- Different types of price discrimination (first-degree, second-degree and third-degree )price discrimination
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