Micro: Unit 4.5 -- Price Discrimination

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Review the conditions that must exist in the market in order for price discrimination to be
possible
- Explain how price discrimination affects profits and efficiency for monopolies
- Describe how price discriminators set their prices according to consumer purchasing power
- Compare the consumer surplus and economic profits of a pure monopoly and a price
discriminating monopoly
- Investigate the relationship between demand and marginal revenue for price discriminating
monopolies
- Analyze how price discrimination drives a monopoly to be allocatively efficient
- Describe how price discrimination is used in the airline industry
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[@samburdge9948]

Love your work....you aren't getting the coverage you deserve....awesome work dude

[@ibranafi]

You are great Mr. Wilis, you explain economics in simple way. It's strange your videos doesn't have millions of views.
What about making videos in econometrics and economics research!

[@cathypeacexx]

The airline example is so applicable!

[@benrawarg]

That was so well explained, thank you.