Monopoly Part 4: Welfare Costs of Monopoly and Price Discrimination

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This video explains the deadweight loss created by monopolies and explores the concept of price discrimination.

01:10 Review: Total surplus maximized in competitive market equilibrium
05:02 Welfare cost of monopoly (deadweight loss)
09:58 Price discrimination
16:22 Single price vs. perfect price discrimination
23:54 Examples of price discrimination

~Margaret
  1. Micro with Margaret
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