1.   2. Special Pricing Policies Introduction Cartel Arrangements Revenue Maximization Price Discrimination Nonmarginal Pricing Multiproduct Pricing Transfer Pricing Other…

1. Decisions Facing FirmsDECISIONSare based onINFORMATION1. The quantity of output to1. The price of output supply2. How to produce that2. Techniques of output (which technique…

1. Short-Run Costs and Output Decisions 2. Decisions Facing Firms 3. 2. 1. 3. 2. 1. *Determines production costs The price of inputs* Techniques of production available*…

1. The Production Process: The Behavior of Profit- Maximizing Firms 2. Production Central to our analysis isproduction : Productionis the process by which inputs are combined,…

1. Short-Run Costs and Output Decisions 2. Decisions Facing Firms 3. 2. 1. 3. 2. 1. *Determines production costs The price of inputs* Techniques of production available*…

1. Chapter 12Oligopoly 2. Lecture Plan • • • • • • • • •Introduction Features of Oligopoly Duopoly Cournot’s Model Stackelberg’s Model Kinked Demand…

Slide 1Second Edition Chapter 11 Costs and Profit Maximization UnderCompetition Competition Slide 2 Chapter Outline What price to set? What quantity to produce? Profits and…

Slide 1© 2010 Pearson Addison-Wesley Slide 2 Slide 3 What Is Perfect Competition? Perfect competition is an industry in which Many firms sell identical products to many…

Slide 1100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 300 400 500 200 Micro Potpourri Macro Potpourri Micro Potpourri…

Slide 1Perfect Competition CHAPTER 11 Slide 2 After studying this chapter you will be able to Define perfect competition Explain how firms make their supply decisions and…