Price discrimination | Microeconomics | Khan Academy

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If a seller has enough market power, it can charge different buyers different prices based on their willingness to pay.
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[@guerilla2013]

I have watched a plethora of the Microeconomic main topic videos and I just want to say, "Thank you". It has truly helped myself and others in the class I am taking in college. You are a better teacher than the one I am paying for.

[@sammylatterell1410]

exactly, watching this as I study for my econ final in a couple days

[@KalebB-px1ey]

@@sammylatterell1410 How did you do? It has been 5 years.

[@StephandaSilva]

Tests have shown that the Super Fancy wine actually tastes better than the Pretty Good wine even though it's the exact same thing, *because* it is more expensive.

[@SEThatered]

This is so true: i bought clothes for ~1000€ in Milano (Italy of course), while for the exact same things in Germany I'd pay about 2500€ in total...

[@bankitkharkongor1137]

Better than what most teachers teach.

[@kiwimangosurprise]

can u do microeconomic analysis that uses calculus to optimize utility given certain budget constraints and utility functions?

[@HigherPlanes]

where is the rest of this playlist? I can't find it on the main page?

[@AkilBoii]

In 1st-degree price discrimination, can monopolists identify separate market segments as in 3rd degree? or do they use an aggregate demand function?

[@blessedolutade9263]

Good job!

[@bbeaum1]

This is sort of why Toyota launched the Lexus brand in the 90's. Add a few more bells and whistles to the same car and tap into substantially greater revenue for a not so substantially different product..

[@KalebB-px1ey]

Really?

[@Thegamemakur]

Needs more views.

[@pongman]

I wish Sal would do the MCATs. My daughter could use it.

[@3dancingwolves]

How would it factor in, ( or be called), if you used the same basic widget, with a few add-ons, to be sold as a completely new product? Example; a large wooden plaque, normaly used as a sign blank, could be sold as a table if you add 3 or 4 legs.

[@PotatoMajor]

Neat!

[@Pyrrhic.]

actually you're right, in the beginning of the video he talks about first degree but as he progresses to the end, selling to differetn groups is third degree.

[@ArturKraska]

So how is it a First Degree Price Discrimination as opposed to Price Discrimination?

[@moestietabarnak]

funny how some don't see the bad ethic there, remind me of that ads showing a 'star' accountant looking to get a new idea (by buying an ibm product) after saving million to the company by removing a single pickles from every jar (actually stealing their customer of the expected quantity)

[@sevengreenmice]

Yeah, this is very much the explanation for third. First degree discrimination is like eBay, where everyone pays their reservation price for goods.

[@samiru6521]

The problem with khan academy yt channel is that i can't find the videos serially.

[@user-vx5vp7ig4t]

ok

[@sanfran224]

i like how he starts the video

[@azankhan7385]

Jai ho sheikh travolta 🙌

[@Manodragon]

You're getting close to 3000 videos! Wow! That's amazing! But can you make a biology video or a cosmology one for the 3k?

[@zubiyamoin6289]

Cosmologyyyy

[@connerroberts8992]

10 years later and its at 233K be cool if in another 10 years and someone finds this comment it will be at a mil or something.

[@aashishraina86]

This is not an example of fist degree ,... its third degree

[@zka9699]

this color does not show very clear in video, better change it next time. thank you !!

[@philipflex]

nice

[@hoisadfhsd3848]

why does the marginal cost go up when the ATC decreases(in the beginning)? Sorry if my question is dumb

[@lorien9993]

Well the idea is that the ATC will naturally decrease in the beginning because the large « fixed costs » will be spread out over multiple units. On the other hand, the marginal cost will increase because it will cost gradually more to produce each extra unit (you’ll ned to hire more workers etc). Should be noted that the reason that the ATC starts by decreasing at the lower quantities and the MC doesn’t is because the ATC takes into account the fixed costs for starting up the company whereas the marginal cost doesnt

[@MichaelWong2000]

I thought MR would = to Demand

[@bryansfistfulofwood4620]

This is second degree price discrimination, not first. Under second-degree price discrimination, your are aware of different customer characteristics, but you cannot observe them directly. So you create two different products and let the customers sort themselves.

[@kenkrak4649]

Mario Rwanda actually it is third degree

[@benderbendingrofriguez3300]

@@kenkrak4649 no, it's a fourth degree.

[@SuperDamiano1997]

@@benderbendingrofriguez3300 Fifth

[@azrieldaffawibowo9105]

@@SuperDamiano1997 sixth

[@nickpelesh]

@@azrieldaffawibowo9105 7th

[@QuickSilverD]

That's more or less how the goverment works

[@DanielFrostable]

I can barely read what your writing...

[@NatsFan18]

Change the title, this is third degree

[@MrJeonghah]

The Sheriff Wouldnt this be second?

[@putugedebhismananda8408]

@@MrJeonghah Yes this is the second degree. Third degree is the price discrimination which accounts elasticity