Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. This mind map introduces Pricing Strategies and Contestable Markets.

Pricing Strategies and Contestable Markets - Mind Map

Mind Maps have been produced to introduce topics and give students an overview of key topics being studied. The maps can be viewed as a whole page or, for those who prefer a more linear approach, as a text version.

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Pricing Strategies and Contestable Markets

1. Pricing
   
   • Price Leadership
     
     • Monopolies, Duopolies
   • Price Takers
     
     • Under Price leadership and perfect competition
   • Marginal Cost Pricing
   • Average Cost pricing
   • Predatory/Destroyer Pricing
   • Price Fixing
     
     • Collusion, Cartels
   • Price Discrimination
     
     • Different elasticities
     • Separate and impenetrable markets
   • RPI minus/plus formulas (Redistribution Pricing)
     
     • Privatised utilities
2. Contestable Markets
   
   • Ease of Entry
   • Ease of Exit
   • Sunk versus fixed costs
   • 'Hit and Run' tactics
   • Effect on efficiency
   • Effect on profit levels