Pricing Strategies and Contestable Markets

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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.

View larger version of the mind map.

Pricing Strategies and Contestable Markets

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
Contestable Markets
- Ease of Entry
- Ease of Exit
- Sunk versus fixed costs
- 'Hit and Run' tactics
- Effect on efficiency
- Effect on profit levels