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Outline for Monday, August 11
 Remember
   Final Friday   8-9:50, 105 Rackley
   Final Review   When?
 Review pricing
Quiz 4


 Ends at   11:55
 Read carefully

 Raise your hand if you have questions

 This is not the end of today’s class
Outline for Monday, August 11
 Remember
   Final Friday   8-9:50, 105 Rackley
   Final Review   When?
 Review pricing
Price discrimination
  First-degree price discrimination uses what you want
  Second-degree PD uses what you do (demand q)...
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aug11

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aug11

  1. 1. Outline for Monday, August 11 Remember Final Friday 8-9:50, 105 Rackley Final Review When? Review pricing
  2. 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. 3. Outline for Monday, August 11 Remember Final Friday 8-9:50, 105 Rackley Final Review When? Review pricing
  4. 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

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