Able to identify consumer surplus and producer surplus Able to identify new CS and PS with 1st degree PD Able to identify new CS and PS with 2nd degree PD (Block Pricing) Able to draw elastic and inelastic market for 3rd degree PD Able to translate summation of 2 markets to 1 combined diagram for 3rd degree Able to draw Oligopoly diagram and identifying elastic and inelastic demand and thus MC.
Bonus Able to identify the difference in kink for Oligopoly firm and 3rd degree PD monopolist