Thanks for the compliment, I try to break down the topic so it’s as easy to understand as possible. I don’t always succeed though but nice to know this time it went well!
Yes, it allows them to earn higher revenues and also permits them to make better use of spare capacity. Their potential for earning supernormal profit is greater as well.
What would you like to know? It’s pure price discrimination. It is almost impossible to find a seller that can charge every different customer exactly what they are willing to pay.
@@EnhanceTuition thank you for replying. I googled it, i now understand that it, you explained it correctly but i suppose I needed a more thorough one because it's easy to confuse it with the original consumer surplus maximization concept.
Short, brief, succinct videos. Your videos are just the best!
Clear and to the point..even the dumbest would understand after watching this video ! Great work man
Thanks for the compliment, I try to break down the topic so it’s as easy to understand as possible. I don’t always succeed though but nice to know this time it went well!
I understood it clearly with the help of diagrams. Thanks a lot.
a pleasure to have watched your video. well done!
Great explanation
Very good
Glad to learn from you. nice explanation 👍🏻😌
Thank you! 😃
thank you
Very clear explanation, I had a question though,
Is third degree price discrimination generally benefiting to the firm?
Yes, it allows them to earn higher revenues and also permits them to make better use of spare capacity. Their potential for earning supernormal profit is greater as well.
@@EnhanceTuition Thanks a lot😊
What subject is this?
Make clear 1 degree plz
why won't anyone explain 1st degree discrimination properly? I believe no one understands it except for the theorist who came up with it.
What would you like to know? It’s pure price discrimination. It is almost impossible to find a seller that can charge every different customer exactly what they are willing to pay.
@@EnhanceTuition thank you for replying. I googled it, i now understand that it, you explained it correctly but i suppose I needed a more thorough one because it's easy to confuse it with the original consumer surplus maximization concept.
Glad to have helped and always appreciate questions on any video!