8 min read
This study guide covers price discrimination for AP Microeconomics. It reviews monopolies, uniform pricing, and the conditions for price discrimination (monopoly power, market segregation, no resale). It explains how price discrimination impacts consumer surplus, producer surplus, and efficiency, including graphing perfect price discrimination. Real-world examples and practice questions are provided.
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Question 1 of 10
What is the key difference between a uniform pricing monopoly and price discrimination? 🧐
Uniform pricing charges different prices to different consumers
Price discrimination charges the same price to all consumers
Uniform pricing charges everyone the same price, while price discrimination charges different prices to different consumers
Both strategies aim to maximize consumer surplus