Practice Problem: Perfect (1st Degree) Price Discrimination, Setting P=WTP

Описание к видео Practice Problem: Perfect (1st Degree) Price Discrimination, Setting P=WTP

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Hi everyone in this video I go through a practice Problem where a firm perfectly price discriminates by setting price (P) equal to Willingness to Pay (WTP).

0:00 Introduction/Reading Question
1:16 Drawing Demand and Marginal Cost
2:42 Finding Firm Output
4:50 Finding Price
5:20 Finding Profit
7:50 Finding Welfare (CS, PS, DWL)

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