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Imagine a monopolist could charge a different price to every customer based on how much he or she were willing to pay. How would this affect monopoly profits?
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Chapter 9
Monopoly
How Markets Work
Markets and Welfare
Firm Behavior and the Organization of Industry
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everyone. Today we're solving problem. Number six chapter night textbook, which gives you the situation of the novelist charges different prices. Oh, trust me yourself. With what? The cost of the pit. Now this situation isn't alone. Perfect rites. The question the fire question asked, which is down the green? Is what the monopoly profits in this situation again, which his name as perfect often times of her, too, as first of You are Spanish in perfect price discrimination is a term used to describe what each crossed would pay stripes. It's a perfect situation, and it's always the discriminating the price. So when you have this condition, what ends up happening on the graph I'm not is that output goes up, actually goes up to the point, very would have the same out but perfectly competitive market. Just pretty cool. Then out it goes up thinking senior surplus goes up. But in fact, there is no how the surface, the monopolist, by themselves is actually maximising back into your finances out. Anything sooner, Share class not believe profits are maximized again in micro economics, it really helps draw flow, chart every logical thinking, and if you are using the graph like there is a graph of price discrimination that also hope again maximized, not in vice with Max months. It always helps draw graphs, too. If you want to drive back with revenue shown with monopolist, that would help, too. But I drew flow Chart is shown that with price discrimination outfit to go up under God, but there's no consumer service. And then the doctor to Richard Osman for the monopolist himself. Armed maximum thing, huh? If you guys enjoy this explanation, but next to it, I hope you all have that stay and thank you for watching.
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