Keyword: price taking
Marginal Revenue under Single-pricing - Price Searchers vs Price Takers (11/17/2007)
Single pricing leads to P = MR under price taking or P > MR under price searching.
Keywords: economic surplus, efficiency, price searching, price taking, profit, reservation price, single pricing, single-pricing
Profit vs Efficiency Maximization (11/2/2011)
Pricing modes determine the conflicts between profit maximization and efficiency maximization.
Keywords: consumer surplus, economic surplus, efficiency maximization, perfect price discrimination, price taking, profit maximization, single pricing
Profit vs Efficiency Maximization (transcript) (1/29/2012)
Pricing modes determine the conflicts between profit maximization and efficiency maximization.
Keywords: consumer surplus, economic surplus, efficiency maximization, perfect price discrimination, price taking, profit maximization, single pricing