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What is price discrimination

Assignment Help Microeconomics
Reference no: EM133435997

Question 1. Identify and explain the differences among the following market structures:

a. Perfect competition

b. Monopolistic competition

c. Monopoly

d. Oligopoly

Question 2. Analyze how and when a short run and long run equilibrium occurs in a monopolistic competition model.

Question 3. What is price discrimination? How does price discrimination reduce the deadweight loss associated with a monopoly seller?

Question 4. Explain the significance of a firm's break-even and shut down price.

Reference no: EM133435997

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