Introduction  Cost is the basis of many important decisions  Cost & revenue are the 2 main factors  Relation between cost & output is called cost function…

1. Chapter Twenty-Four Monopoly 2. Pure Monopoly A monopolized market has a single seller. The monopolist’s demand curve is the (downward sloping) market demand curve.…

1. PRICING PRODUCTS UNERSTANING AND CAPTURINGCUSTOMER VALUE CHAPTER NO. 10 2. PRICE Definition The amount of money charged for a product or service, or the sum of the values…

1. Go Global !Managerial Economics :MonopolyByStephen OngVisiting Fellow, Birmingham City UniversityVisiting Professor, College of Management,Shenzhen UniversityMay 2013…

1. DAY 3Pricing & Promotional Strategies And Marketing Warfare BUSINESS STRATEGIES ANDTHEIR MARKETINGIMPLICATIONS 2. Pricing Strategies 3. Learning Goals1. Identify 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 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…

Slide 112 Perfect Competition Slide 2 Learning Objectives What is perfect competition? How does a firm make output decision in the competitive market? Price and output determination…

1.Pricing: Approaches and Strategies Session 5 Chapter 10 & 112. Objectives Understand the internal & external factors affecting a firm’s pricing decisions. Be…

1. © 2015 Pearson 2. © 2015 PearsonWhere have all the recordstores gone? 3. Perfect Competition© 2015 Pearson11CHAPTER CHECKLISTWhen you have completed yourstudy of this…