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  • 1. Outline for Monday, August 11 Remember Final Friday 8-9:50, 105 Rackley Final Review When? Review pricing
  • 2. Quiz 4 Ends at 11:55 Read carefully Raise your hand if you have questions This is not the end of today’s class
  • 3. Outline for Monday, August 11 Remember Final Friday 8-9:50, 105 Rackley Final Review When? Review pricing
  • 4. Price discrimination First-degree price discrimination uses what you want Second-degree PD uses what you do (demand q) Third-degree PD uses what group you belong to Conditions for price discrimination: The firm must be able to recognize consumers Identify their individual demand curve or group And/or keep track of quantity sold so far The firm must have price-setting power Buyers must be prevented from re-selling