Group 2 16sG by Tan Koon Ho Andrew https://padlet.com/andrewtan1/zi81x6zas4ix Made with a wish on a star en-us 2017-07-21 01:57:49 UTC 2025-10-09 14:20:05 UTC hello@padlet.com Thesis : Beneficial to consumers andrewtan1 https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179160284
Price discrimination...
Monopolies and oligopolies can practice price discrimination. Under 3rd degree PD, the lower income group belonging to the more price elastic demand market will be able to purchase more units of goods and services, giving higher consumer surplus.

Economies of scale...
The high output level and scale of production results in substantial internal EOS, reducing the unit cost of production. The firm can thus charge a lower price to consumers without losing profits. Consumers can buy at lower prices, allowing them to purchase more, increasing their material SOL and consumer benefits.

-> natural Monopoly 


contestable market...
Competition incentive

Others....


Dynamic effeciency...
Producers will make supernormal profits, and this allows them to reinvest their earnings into R and D. Consumers in the future can benefit from improved quality and/or lower pricesof the product from the R and D.


]]> 2017-07-21 01:57:49 UTC https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179160284 Introduction: andrewtan1 https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179160285 Focus: Costs and benefits of monopoly (oligopoly)



Flow: What causes price discrimination, effects of price discrimination (in brief)]]> 2017-07-21 01:57:49 UTC https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179160285 Members 121562e https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179170969 Yaoju
Zhi Long
Hung Ming
Shengwei]]> 2017-07-21 04:57:18 UTC https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179170969 Question https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179171090 Identify the type of market structure that enables companies to practise price discrimination, and discuss whether that market structure is ever beneficial to consumers.]]> 2017-07-21 05:01:00 UTC https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179171090 Evaluation https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179171388 2017-07-21 05:07:41 UTC https://padlet.com/andrewtan1/zi81x6zas4ix/wish/179171388