Keyword: price taker
Price Searchers, Price Discriminators, and Price Takers (9/19/2006)
The uniqueness of products affects the pricing power of sellers.
Keywords: output, price discriminator, price searcher, price taker, profit, reservation price
Pricing to Cost - But Which Cost? (10/13/2007)
Pricing to marginal cost may not cover fixed cost.
Keywords: consumer surplus, economic surplus, fixed cost, marginal cost, perfect competition, perfect price discrimination, price searcher, price taker, profit, two-part pricing, variable cost
Profit Maximization of Price Takers (11/2/2011)
As one of many small firms, price takers are powerless to set price. They set the max-profit output by equating price with marginal cost.
Keywords: perfect competition, price taker, profit maximization
Profit Maximization of Price Takers (transcript) (2/6/2012)
As one of many small firms, price takers are powerless to set price. They set the max-profit output by equating price with marginal cost.
Keywords: perfect competition, price taker, profit maximization