Cost concepts in single and multi-product firms, economies of scale and scope; Perfect competition; Monopoly, monopsony, and bilateral monopoly: price discrimination and two part tariff; Product differentiation and monopolistic competition; Oligopoly models: Cournot, Bertrand and Stackelberg, formation and stability of cartels; Role of imperfect information; Antitrust laws; Regulation: peak-load pricing, Ramsey pricing, average cost pricing.
