Month: November 2013

In this lecture we finish last week’s analysis of price discrimination by looking at some cases in which price discrimination actually reduces profits.

We go on to analyse horizontal product differentiation models, which are models in which different consumers prefer different goods.

Below is the mock mid-term multiple choice test.

Mock mid-term multiple choice test

In this lecture we look at some of the ways a monopolist can obtain higher profits than in the standard monopoly solution.