1. Outline for Monday, August 11
Remember
Final Friday 8-9:50, 105 Rackley
Final Review When?
Review pricing

2. Quiz 4
Ends at 11:55
Read carefully
Raise your hand if you have questions
This is not the end of today’s class

3. Outline for Monday, August 11
Remember
Final Friday 8-9:50, 105 Rackley
Final Review When?
Review pricing

4. Price discrimination
First-degree price discrimination uses what you want
Second-degree PD uses what you do (demand q)
Third-degree PD uses what group you belong to
Conditions for price discrimination:
The firm must be able to recognize consumers
Identify their individual demand curve or group
And/or keep track of quantity sold so far
The firm must have price-setting power
Buyers must be prevented from re-selling