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    Price Discrimination: Mastering Price Discrimination, Unlocking Profit in Every Transaction
    Price Discrimination: Mastering Price Discrimination, Unlocking Profit in Every Transaction
    Price Discrimination: Mastering Price Discrimination, Unlocking Profit in Every Transaction
    Ebook308 pages3 hours

    Price Discrimination: Mastering Price Discrimination, Unlocking Profit in Every Transaction

    By Fouad Sabry

    ()

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    About this ebook

    What is Price Discrimination


    Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different market segments. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. Price differentiation essentially relies on the variation in the customers' willingness to pay and in the elasticity of their demand. For price discrimination to succeed, a firm must have market power, such as a dominant market share, product uniqueness, sole pricing power, etc. All prices under price discrimination are higher than the equilibrium price in a perfectly competitive market. However, some prices under price discrimination may be lower than the price charged by a single-price monopolist. Price discrimination is utilized by the monopolist to recapture some deadweight loss. This Pricing strategy enables firms to capture additional consumer surplus and maximize their profits while benefiting some consumers at lower prices. Price discrimination can take many forms and is prevalent in many industries, from education and telecommunications to healthcare.


    How you will benefit


    (I) Insights, and validations about the following topics:


    Chapter 1: Price discrimination


    Chapter 2: Monopoly


    Chapter 3: Monopolistic competition


    Chapter 4: Oligopoly


    Chapter 5: Perfect competition


    Chapter 6: Imperfect competition


    Chapter 7: Deadweight loss


    Chapter 8: Two-part tariff


    Chapter 9: Pricing


    Chapter 10: Barriers to entry


    Chapter 11: Yield management


    Chapter 12: Market power


    Chapter 13: Non-price competition


    Chapter 14: Market structure


    Chapter 15: Pricing strategies


    Chapter 16: Dynamic pricing


    Chapter 17: Revenue management


    Chapter 18: Value-based pricing


    Chapter 19: Rental value


    Chapter 20: Profit (economics)


    Chapter 21: Monopoly price


    (II) Answering the public top questions about price discrimination.


    (III) Real world examples for the usage of price discrimination in many fields.


    Who this book is for


    Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Price Discrimination.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateMar 27, 2024
    Price Discrimination: Mastering Price Discrimination, Unlocking Profit in Every Transaction

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