Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
2 Cards in this Set
- Front
- Back
|
Point elasticity formula
|
E = dQ/dP * P/Q
dQ/dP = the slope of the demand curve |
|
|
what market conditions are necessary for the company to successfully price discriminate?
|
1. firm must have market power to charge above the competitive price
2. customers must differ in their sensitivity to price and the firm must be able to identify how these customers differ in their sensitivity 3. the firm must be able to prevent or limit resale |
