Price discrimination for a monopoly | Microeconomics | Khan Academy

[@trisviel7777]

thank you a lot khan academy for making videos like this really help us a lot as a student in learning this topic

[@is_mylife_muzik8082]

Thank you Khan Academy I hope someday I have a chance to work as a intern at Khan Academy too.

[@theRealJohnWayneGacy]

Hey Sal, Amazon can and does figure out exactly what your willingness to pay is as a buyer. It's actually a bonafide science at this point how to price things for specific buyers based on their willingness to pay.

[@abioyedaniel1955]

Perhaps, this illustration could be taken for the first degree of price discrimination.

[@Muy_chingon]

I enjoy economy

[@Who-Tf-Is-Travis]

Where are you from Khan Academy

[@avigaeilmoskovitz2615]

blessed

[@dagmaraakhtakhanova8362]

GOAT

[@rejuvenatedsoul1016]

One question - You want us to assume that say we know that our very first customer is ready to pay $500 for the first room and we charge him that price and then for next room somebody is ready to pay us $375 and we charge him that - my question here is - what if for the next room also a customer is willing to pay $500 or may be more - then drawing a downward sloping demand curve won't be possible and the shape of the demand curve will be indeterminent, isn't it? Please answer.

[@ChasingFun]

In your case, your demand curve will be completely different from the one in the video. Assuming there is another customer willing to pay $500, the quantity demanded at $500 will be 2. Keep in mind that the demand curve in the real world is not a straight line, but it will be almost always downwards sloping

[@TheMadisonHang]

this benefits lower classes honestly and makes me realize why rich upper class privileged folk want price-equality reality is, there will always be discrimination, might as well mitigate it then

[@janusztv7706]

💪💪💪

[@randydiaz7664]

That computer is trained on a neural network! ( Requires tons of more math. )