Monopolies and Perfect Price Discrimination (Made Simple)
6:54
YouTubeEconbusters
Monopolies and Perfect Price Discrimination (Made Simple)
This video introduces the concept of price discrimination, focusing specifically on perfect price discrimination (otherwise known as first degree price discrimination). As a foundational topic, it highlights the connection between market power and pricing power: only firms with market power can engage in price discrimination. Therefore, the ...
1.6K viewsDec 5, 2024
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