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Course Description

Firms can take one of two general approaches to pricing: They can sell to any customer any quantity of goods for a constant price per unit, or they can set pricing schemes in which they vary their prices to yield higher profits. In this lesson, you will consider five types of pricing schemes and look at the ways firms make decisions about pricing to maximize their profits. You will also consider the choices that firms put into making such pricing decisions and identify why the most serious threat to long-run profits are new entrants into an industry.

Benefits to the Learner

  • Consider five types of pricing schemes and the ways firms' decisions can maximize profits
  • Pinpoint the choices that profitable firms must put into pricing decisions
  • Explore what happens when a firm owns exclusive rights to a segment of an industry, but free entry into the broader industry is possible
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Type
self-paced (non-instructor led)
Dates
Feb 24, 2020 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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