Table of contents

0. Basic Principles of Economics1h 5m
1. Reading and Understanding Graphs59m
2. Introductory Economic Models1h 10m
3. The Market Forces of Supply and Demand2h 26m
4. Elasticity2h 26m
5. Consumer and Producer Surplus; Price Ceilings and Floors3h 45m
6. Introduction to Taxes and Subsidies1h 46m
7. Externalities1h 12m
8. The Types of Goods1h 13m
9. International Trade1h 16m
10. The Costs of Production2h 35m
11. Perfect Competition2h 23m
12. Monopoly2h 13m
13. Monopolistic Competition1h 9m
14. Oligopoly1h 26m
15. Markets for the Factors of Production1h 26m
16. Income Inequality and Poverty35m
17. Asymmetric Information, Voting, and Public Choice39m
18. Consumer Choice and Behavioral Economics1h 16m

12. Monopoly

Price Discrimination

Microeconomics

12. Monopoly

Price Discrimination

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Multiple Choice

The marginal revenue for the perfectly price discriminating monopolist from the sale of the third unit is:

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Verified step by step guidance

Understand that a perfectly price discriminating monopolist charges each consumer the maximum price they are willing to pay for each unit, which means the price is equal to the marginal revenue for each unit sold.

Identify the price at which the third unit is sold from the demand schedule. According to the table, the price for the third unit is $6.

Since the monopolist is perfectly price discriminating, the marginal revenue for the third unit is equal to the price of the third unit.

Therefore, the marginal revenue from the sale of the third unit is $6.

This matches the given information that the marginal revenue for the third unit is $6, confirming the understanding of the concept of perfect price discrimination.