Assess students' ability to evaluate the trade-offs of first-, second-, and third-degree price discrimination in oligopolistic markets by comparing effects on firm profit, consumer surplus, and market efficiency; require graphical and algebraic analysis using demand and cost functions, consideration of strategic interactions (Nash equilibria, collusion incentives, and capacity/entry constraints), discussion of arbitrage and information/segmentation requirements, and critique of regulatory or welfare implications. Suitable for advanced undergraduates.