Your series of pure monopoly was so well explained, but what's even better was the fact that there were barely any confusion for me. Thank you for these video lectures as they will definitely benefit me on my studies for my econ final.
Any firm with price making power may be able to price discriminate. For example, movie theaters are usually not monopolists, but charge different prices to different consumers for the same product. So yes, oligopolists MAY be able to price discriminate, even ones in competition with other firms!
since my ib days in 2016............. you've always been saving my ass.................... thank u...........i hope all profs are like you !!!!!!! not boasting their economic knowledge but actually teaching !!!!!! in understandable enligsh !!!!!!! anyways thanks alot
Thank you so much for these videos. They add so much more understanding to the textbook explanations. I feel compelled to send you a Christmas gift to show you how thankful I am! lol really appreciate it
In some books, profit is shown on a graph as everything between the MC-curve and the demand curve. So that's wrong then? Or is that area 'always' the same as the area shown in this video (with AC-curve) The area between MC-ruve and demand curve is producer surplus, that I know. Can you say that's also profit?
Would buying something from a pawn shop be considered a 1st degree of price discrimination? Just because I have seen a pawn shop owner sell a product at a high price to one customer that was in deep demand for that product and then sold the same exact product at a lower price to another customer..(because that customer was not in high demand for that product)
i know Im randomly asking but does anyone know of a trick to get back into an instagram account?? I was stupid forgot the account password. I appreciate any help you can offer me
@Harley Malcolm thanks for your reply. I got to the site through google and Im waiting for the hacking stuff now. I see it takes a while so I will get back to you later when my account password hopefully is recovered.
Not exactly. It's more like 3rd degree, "by consumer group". For instance in-state tuition allows state residents to pay less. Pell-grants allow lower income students to pay less... the market is being segregated based on residence and socioeconomic level, not student by student...
Your series of pure monopoly was so well explained, but what's even better was the fact that there were barely any confusion for me. Thank you for these video lectures as they will definitely benefit me on my studies for my econ final.
what a great video!!!! liked and subscribed!!!!!
great teacher, please keep letting us students smile all the time while we enjoy your lectures, we so much appreciate your effort.
Any firm with price making power may be able to price discriminate. For example, movie theaters are usually not monopolists, but charge different prices to different consumers for the same product. So yes, oligopolists MAY be able to price discriminate, even ones in competition with other firms!
since my ib days in 2016............. you've always been saving my ass.................... thank u...........i hope all profs are like you !!!!!!! not boasting their economic knowledge but actually teaching !!!!!! in understandable enligsh !!!!!!! anyways thanks alot
Thank you so much for these videos. They add so much more understanding to the textbook explanations. I feel compelled to send you a Christmas gift to show you how thankful I am! lol
really appreciate it
thank you so much! you save my life on final
Thanya Chayasana I wanna be friend with u
Lollz same goes wd me . I was also worried abt this topic. Nd i have final paper tomorrow
th-cam.com/video/eZMX_q-YLZY/w-d-xo.html
could the first degree price operate and achieve the same economic outcome as the perfect competition market?
amazing work here Jason! So thankful to you!
Right
what was that song in the beginning?
In some books, profit is shown on a graph as everything between the MC-curve and the demand curve. So that's wrong then? Or is that area 'always' the same as the area shown in this video (with AC-curve)
The area between MC-ruve and demand curve is producer surplus, that I know. Can you say that's also profit?
Can you make a video for 2nd degree and 3rd degree s' graphs analysis?
Would buying something from a pawn shop be considered a 1st degree of price discrimination? Just because I have seen a pawn shop owner sell a product at a high price to one customer that was in deep demand for that product and then sold the same exact product at a lower price to another customer..(because that customer was not in high demand for that product)
finally a video that explains 1st degree price discrimination.
Thanks for helping me out ur vids are very organized and easy to understand, I hope you cover more econ topics in the future :)
Hi! Issit it possible to show 2nd degree and 3rd degree since it is much more common as you mention? Anyway, thank you for the great video!
Thank you,
This is really help me to understand the chapter.
Thanks for uploading this video! Was really helpful preparing for my exam in microeconomics :)
im not ap or ib bout i still have to graph the pd's
Thank you very much you guide me in the comprehensive examination during my Bachelors degree in Education, Economic Major Mathematics minor
Thank you for these useful economic videos... It has been instrumental in clearing my concept.
Thank you so much for these videos. They add so much more understanding to the textbook explanations.
i know Im randomly asking but does anyone know of a trick to get back into an instagram account??
I was stupid forgot the account password. I appreciate any help you can offer me
@Harley Malcolm thanks for your reply. I got to the site through google and Im waiting for the hacking stuff now.
I see it takes a while so I will get back to you later when my account password hopefully is recovered.
@Harley Malcolm It worked and I now got access to my account again. I'm so happy!
Thank you so much you saved my account :D
@Achilles James No problem :)
Is bargaining a price recrimination?
yup
its 1 st degree
Wonderful video and easy to understand. Thanks
this video banged!!
11:53, Ukraine profit.
this is one of your best
Ease in understanding ....thanks and love from Nepal
Excellent video. Thanks.
i loved all ur vids.great tutor!!!
Thanks a lot for such a great lecture.
why p=MC
Soooooo well explained oh lord.
I got lost in the class when lecturer draw this graph
very well explained! thanks!
very useful. thank you mr.
YOU ARE A FUCKING BOSS MAN !
you help me so much, your a great econ tutor :)
Thank you, this was very helpful.
excellent work
Helped a lot! as always..☺
Thank you!
the best tutor in town
looking forward to my final exam
thank you lots
u are the best!!
Jason Welker, I like your profile photo. Keep it up
You are amazing!!! Lov u
amazing as always! :D
Thanks Sir,
Thanks a lot!
Hola amigos de GATU.
thanks u so much
I love you!!!
College = 1st degree. Also, thank you.
Not exactly. It's more like 3rd degree, "by consumer group". For instance in-state tuition allows state residents to pay less. Pell-grants allow lower income students to pay less... the market is being segregated based on residence and socioeconomic level, not student by student...