Living Economics Table of Contents Opus1 Flash Econ Ulogistics
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6. Price discriminators
6.1
Total revenue under single pricing vs price discrimination
Generate total revenue curves under single pricing vs perfect price discrimination.
6.2
Marginal revenue under single pricing vs price discrimination
Generate and compare marginal revenue under single pricing vs perfect price discrimination.
6.3
Profit maximization under single pricing vs price discrimination
Output is higher and profit is higher under perfect price discrimination vs single pricing.
6.4
Surplus under Single-pricing vs Price Discrimination
Comparing economic surplus under single pricing vs price discrimination.
6.5
Profit maximization under high fixed cost – single pricing vs price discrimination
High fixed cost might not be profitable for single pricing and yet be profitable under price discrimination.
6.6
Flexible Pricing
The Internet has made it possible to replace fixed pricing with flexible pricing based on changing supply and demand conditions. Spot pricing will lead to a more efficient market with winners and losers.