very good presentation. i only want to make one note, that the distance for q2 ' until red demand curve should be equal to the distance from red demand curve until black demand curve. becasuse these distances represent MC and MB respectively.
@mrmarygoing For simplicity, MC is zero. I say this in a popup comment at 0:28.
The monopolist here is making "all or nothing" offers to prospective consumers. It charges a price equal to the area under the demand curve up to the quantity offered. Consumers cannot buy more or less of the good.
The trick is sorting the consumers by offering them different combinations of prices and take-it-or-leave it quantities. These pairings of price and quantity are what I refer to as "packages."
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AussieJTC 4 months ago
very good presentation. i only want to make one note, that the distance for q2 ' until red demand curve should be equal to the distance from red demand curve until black demand curve. becasuse these distances represent MC and MB respectively.
ebpatra21 4 months ago
you really have the clearest tutorials on youtube for micro! subscribed!
StitchBeatbox 9 months ago
very good and very helpfull~ thanks a lot~
Julymaple 1 year ago
@mrmarygoing For simplicity, MC is zero. I say this in a popup comment at 0:28.
The monopolist here is making "all or nothing" offers to prospective consumers. It charges a price equal to the area under the demand curve up to the quantity offered. Consumers cannot buy more or less of the good.
The trick is sorting the consumers by offering them different combinations of prices and take-it-or-leave it quantities. These pairings of price and quantity are what I refer to as "packages."
intromediateecon 1 year ago
Pb, Pb1, Package A, Package B... you lost me. What are the prices? Where is MC?
mrmarygoing 1 year ago