Man City need to get on this second degree price discrimination, might fill their stadium then
@aryanoak53552 жыл бұрын
im gonna use this example to understand and remember 2nd price discrimination lool thanks
@humayun94908 ай бұрын
Not funny mate
@hmik46724 ай бұрын
Thanks for this. now i can remember 2nd degree by thinking of the Emptyhad lol
@MitchTalbotVlogs3 жыл бұрын
Me during my exam today: "However, this could be *really* dodgy and bring firms under scrutiny from CMA..... really dodgy stuff.." Seriously though thank you for this vid dal :)
@@emant8396 lol a reply 4 years later and having just graduated with a degree economics and politics
@emant83964 ай бұрын
@@signalhd9793 funnily enough, somebody just replied to a 3 year old comment of mine and I’m only 18 now, so i was 15 then and it feels like so long ago, it’s such a weird feeling. In a good way ig. I kinda hope u can feel that too. Heheh 🤭 Also congrats on graduating. This eco makes me feel like imma fail, how could I possibly choose eco in university? Tho I’d really love to.
@signalhd97934 ай бұрын
@@emant8396 Its not too bad as long as you stay on top of the modules. The math was hard for me tho
@emant83964 ай бұрын
@@signalhd9793 i see. 🧡
@Junebug091722 ай бұрын
this guy explains everything so much clearer in an 11-minute video than what my professor (to whom I paid tons) did for a whole semester
@jakepeto2496 Жыл бұрын
I always make sure to turn off my ad blocker for you dal!
@MCart1215 Жыл бұрын
I didn't think about this, I've been benefiting from the free rider problem this whole time :(
@thekingofweebs982511 ай бұрын
@@MCart1215dayum that was some good application of knowledge right there
@MCart121511 ай бұрын
@@thekingofweebs9825 I ended up getting an A* 😁 Perusing Dal’s comments did me well
@Pod.Snipsz4 ай бұрын
@@MCart1215 drop some tips I got like 3 weeks until paper 1
@user-jn2bb2kg4n4 ай бұрын
@@Pod.Snipszboss icl help me out, I know all the content off by heart basically but I cant read the wordings of questions
@KeddingtonKKB_Official3 жыл бұрын
me writing notes: most trusted textbook: xxxxxx dal: yyyyyyy me proceeds to write: yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyx 😞😩you the real mvp
@KeddingtonKKB_Official3 жыл бұрын
Dal😑 you! you my man are just. ey. I have no words for you. the way you explained 2nd Degree😐 ... *sigh😑... mxiii... i just don't have words for you. idk where you are but i hope a brick of gold just drops on you man! damn. you've been saving my behind since i was in highschool 4 years ago😭😭 and I'm about to write my final exams in uni and here you are at it again😩 God bless you heavily Dal. seriously..
@Lofibootleg4 жыл бұрын
thank you for your simple yet concise explanations!! its so unlike boring professors who dull the fascinating concepts of econs
@pratyushatri82483 жыл бұрын
Finally understood the concept, I was literally struggling with this one 😅
@gtaplayer85085 ай бұрын
⁉‼❗🗣🗣🗣📢WE HITTING THE BIG BOU A STAR GRADES WITH THIS ONE❗‼💱🗣🗣🗣🙅♂🧢🔥🔥
@molotovmafia24063 ай бұрын
We passing a level econ with this one🤑
@MissingPatel8 ай бұрын
Oh i thought there's somebody impersonating you and your youtube channel! Thanks you're a life saver
@georgebrand93254 жыл бұрын
In need of a Dalfade soon...
@johnnytarkpah67823 жыл бұрын
Amazing doggy stuff Bro! Hats off though, you nailed it!
@Ishamidenis5 ай бұрын
It's very important to know price discrimination in market structure
@kiranjoshi5603 жыл бұрын
Best explanation ever got...thank you so much 😍 love from Nepal
@jaywoods40955 жыл бұрын
Your videos are amazing! Can you make a video on "The theory of second best" including the graph (with two DWL) and comparing naive economists vs sophisticated economists when intervening in a market where there is uncorrectable market failure. It would be amazing to know for some A* evaluation points in the exam
@rocksquash1273 ай бұрын
Econ tomorrow let’s go
@aisyanabilah85915 ай бұрын
Very informative and clear explanation!
@selovayzh38535 жыл бұрын
Thanks for explaining this so coherently !
@judenwachukwu12252 жыл бұрын
May God bless you abundantly, you are perfect, I learnt so well, may God continue to give you knowledge to teach us
@Orangerify5 жыл бұрын
you're amazing at teaching!!
@ric63832 жыл бұрын
Thanks, a good presentation.
@vastiinzunza-ramirez86452 жыл бұрын
Beautiful explanation, thank you!
@anassiddiqui68465 жыл бұрын
Amazing person you are!
@madhuravi695310 ай бұрын
Where is the "million hearts" button when you need it ❤.
@mnesaarifah54385 жыл бұрын
My teacher couldn’t teach this in a year but I understand everything now just in 11:06 minutes 😁 lol
@widen_inhorizons5 жыл бұрын
Yo piff ting wats ur bbm pin
@DannyHaofan4 жыл бұрын
that is really helpful for me, thanks for teaching!
@swophonorious4127 Жыл бұрын
God bless you, sir!
@kindred.spirit4 жыл бұрын
omg i love u. thank God u exist.
@jjose3829 Жыл бұрын
For 2nd-degree price discrimination,is that lower price only for the good sol between q1 and q cap ,this would make sense why the consumer surplus is that small triangle.
@ez9726 Жыл бұрын
I was looking for a question on why it wasn't the trapezium but I'm sure what you're saying is right and that the surplus is only between Q1 and Qcap as that is the quantity sold, not below Q1
@gauravrath3572 жыл бұрын
Real dodgy stuff BRO......Love from India
@Shriona_11049 ай бұрын
very helpful and clear!
@jklal83743 жыл бұрын
Finally! An Indian guy without 'the' Indian accent with excellent teaching skills😸🤭
@happypudding34123 жыл бұрын
That’s racist. You’re benefitting off these free lessons online, you should be grateful for the material taught by those guys in their non native language (aka English so people like you can learn from them)
@jklal83743 жыл бұрын
Oh no...you're getting it wrong. I respect these guys for sharing freely what they know. And btw I'm an Indian myself...i have my own accent and so I'm just joking!
@sirflexall0t563 жыл бұрын
@@jklal8374 shut up u liar never disrespect the king Dal again, u should be ashamed of yourself
@viditbhardwaj87264 ай бұрын
Thank you Prof.
@jjose3829 Жыл бұрын
2nd degree price discrimination, the consumer surplus gain im pretty sure is the trapezoid area .
@MCart1215 Жыл бұрын
Yeah I was thinking this, do you know for sure
@victorias12185 жыл бұрын
this is so great! thank you
@tonu5295 жыл бұрын
He looks like vikkstar
@elikishvilimanuel41014 жыл бұрын
thank you very much for the video sir. However, i have an important question. For 1st degree discrimination wouldn't there be allocative efficiency because technically price will always = Mc and since AR and MR will be equal for first discrimination, thereby so will the allocative efficiency
@DannyHaofan4 жыл бұрын
yes, indeed, first-degree price discrimination is the very efficiency just like he said, all the consumer surplus turned into monopoly profit. However, it is not realistic in the real world that the firm can know every consumer's willingness price to pay. hope that explanation will help you
@intheplums Жыл бұрын
How is 1st degree price discrimination dodgy? And also for 3rd degree, is MC always horizontal?
@andreskupervaser-gould71125 жыл бұрын
There's allocative efficiency when there's 1st-degree discrimination. And saying that the "allocative inefficiency" outways the "pros" of price discriminating monopolies is biased. One could argue that the producer having all the surplus is as 'wrong' as the consumer having it. What's wrong with paying the price equivalent to what you value the good or service?
@danrivolta11404 жыл бұрын
thats right
@abhiraajsithambaram72243 жыл бұрын
It's always allocative inefficiency when there's 1st-degree discrimination. Consumers are losing their surplus to the monopoly, and the price charged isn't the welfare-maximizing point anymore (MC=AR/the market price). There's no biasedness, it's just facts.
@jeddiefarara73735 жыл бұрын
anyone got a level econ tomorrow and cramming now too?
@user-rz3cp8wf3x5 жыл бұрын
JEDDIE FARARA yup 😰
@jeddiefarara73735 жыл бұрын
@@user-rz3cp8wf3x Good luck mate
@copelandhd7225 жыл бұрын
@@jeddiefarara7373 CIE?
@jeddiefarara73735 жыл бұрын
CopelandHD AQA
@rexynator_ytb4 жыл бұрын
Yup😭🤦♂️🤷♂️
@MC10W5 ай бұрын
What about for a negativer- you can dicuss creaticve destruction here??
@dilz20125 жыл бұрын
Either Dal is going gym or Brexit is keeping his heart rate up
@idriskorane96975 жыл бұрын
I have a question.. For an airline, for example, is economy class and business/first class considered an identical service? I mean yeah, they both fly you to your destination but first/business class will have features and amenities that economy class doesn't, so are they considered the same or different services? So with airlines charging customers different prices for each, it it a form of price discrimination? Thanks!
@jemimawilliams46495 жыл бұрын
But price discrimination assumes the products are the same and the costs are the same. The cost of running business class is higher than running economy, so its not price discrimination
@idriskorane96975 жыл бұрын
@@jemimawilliams4649 This clears it up, thank you so much
@arjunmunshi5852 Жыл бұрын
great stuff bro kudos
@luckyadanishi71532 жыл бұрын
tysm. Great video. 🥰
@avarebecca4 жыл бұрын
Great video
@zealot23142 жыл бұрын
thank you
@jamesang78614 жыл бұрын
you have really nice handwriting
@regularman4063 Жыл бұрын
Hi Dal, Quick question. Let's say you want to purchase a membership to a gym .Would it be second degree price discrimination if the annual membership is cheaper ( per month ) than the monthly membership on its own ?
@jeddslade3540 Жыл бұрын
no
@aakashkumar6191 Жыл бұрын
Definitely it is the second degree discrimination
@andayanikumaladewi97484 жыл бұрын
Nice presentation!
@nabilrajshrestha27393 жыл бұрын
Thank you!!
@rojinaniraula21363 жыл бұрын
Thank you❣️
@tidelwaver15 жыл бұрын
At 4:22 you say profit maximising is at Q1 but arent you making more profit when you supply at QCap?
@alfieg58185 жыл бұрын
MC=MR is the point of profit maximisation
@hxxsk5 жыл бұрын
Mc = Mr is profit maximisation and the value is then read from the AR curve to find the price
@igorszemela16103 жыл бұрын
great, thank you]
@conradvaslin11294 жыл бұрын
Thank you so much you helped me a lot
@AkilBoii4 жыл бұрын
In 1st-degree price discrimination, can monopolists identify separate market segments as in 3rd degree? or do they use an aggregate demand function?
@frankjr37873 жыл бұрын
Possible to have a numeric example of each ?
@notsamwang3597 Жыл бұрын
there's smth white in his hair
@imran008ia5 жыл бұрын
hi good video, is there any on personalised pricing
@MC10W5 ай бұрын
Good evaluation: - Hwer technoloy develpomewnts ie the use of apllciaitons such as midrosodft teams alliwng for peopel iebusinesmen.woman to talk to otyher people- and thuis takingt last. mionutye flights between Dubaio to London for instnac ehas signifcantly reduc3d price discrnminqtioin for those with inelastic demand. Thias is becuse they no longe have to phsucally flyfrom a-b and can thereofre not have to oay a different pricve, to different consumers for the aamne g/s with no differneces to the cowts of production ????
@bencook26775 жыл бұрын
🐐
@AlexDoney Жыл бұрын
my goat
@goatdude2245 жыл бұрын
Legend
@MC10W6 ай бұрын
What are the eval pointshere?
@MC10W6 ай бұрын
ddpend on hwo mucvh tyhe price dsicim,naiton is?? sdo little- vey little differnce???
@MC10W6 ай бұрын
regfressvie?-0 affect the poor- impact poor the mostr.;
@elizabethannuk3 жыл бұрын
Why is MC parallel to X axis @ecodalplus?
@brainless91822 жыл бұрын
This is late as hell, but for anyone who finds this: MC is parallel to the X axis in 2nd degree discrimination due to the fixed supply offered by firms such as airliner seats which they can't supply anymore of
@elizabethannuk2 жыл бұрын
@@brainless9182 thank you nonetheless 🤭❣️
@abgo21102 жыл бұрын
@@brainless9182 u have a brain my friend
@unnatjain62832 жыл бұрын
In 2nd Degree PD - why does the MC curve go vertical at Max Capacity? what is the meaning of that vertical supply curve? Why not end it at horizontal line?
@danielboot53762 жыл бұрын
the firm has limited capacity and the vertical line shows where the supply ends. for instance, a cinema having a certain number of seats for a movie. therefore, we use a vertical line to show the maximum capacity and where firms should aim to maximise revenue in the last minute.
@adee7h4 ай бұрын
I love you dal
@V3JW4 ай бұрын
Thank you.
@ShadeofLife303 жыл бұрын
What is your name? I am struggling to know ur name..
@sandeepj29722 жыл бұрын
Nice accent.
@DJMoth033 жыл бұрын
ok
@abdallahelmoctar76352 жыл бұрын
Everything just sounds nicer in british accent, don't ask me why lol