Key Diagrams - 3rd Degree Price Discrimination (Monopoly)
- A Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 13 May 2022
3rd degree price discrimination is perhaps the most common form of market segmentation by a firm with monopoly power.
This is a key diagram to know how to draw. It involves selling the same product to different groups of consumers based on their respective price elasticities of demand. The aim is to drive revenues and profits higher.
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