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Intro to price discrimination and how monopolists use it
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Intro to price discrimination and how monopolists use it
3:50
About this lesson
- Definition of Price Discrimination
- Converts Consumer Surplus to Producer Surplus
- Two methods to Price Discrimination
- Groups of Buyers
- Units of Good
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Video 1 of 14
Intro to price discrimination and how monopolists use it
4 min
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How a monopolist uses premium products to price discriminate
5 min
Perfect price discrimination and its effects on surplus
2 min
Identifying examples of price discrimination among consumer groups
3 min
Perfect price discrimination: consumer surplus and deadweight loss
4 min
Identifying price discrimination type for wallet sales and coupons
1 min
Comparing profit with and without price discrimination
5 min
Graphing economic profit under price discrimination with coupons
11 min
Graphing ATC, MR, MC, and demand curves for a price-discriminating firm
3 min
Finding profit-maximizing output, price, and economic profit
2 min
Calculating economic profit with premium and regular pricing
3 min
Calculating extra profit gained through price discrimination
1 min
Identifying the false statement about perfect price discrimination
3 min
Calculating economic profit from perfect price discrimination on a graph
3 min