Wednesday

October 22, 2014

October 22, 2014

Posted by **anonymous** on Wednesday, July 8, 2009 at 3:48am.

- microeconomics -
**economyst**, Wednesday, July 8, 2009 at 9:51amTough question. I believe the statement is false. For a perfect price-discriminating monopolist, the demand curve is also the MR curve. This monopolist does not get the same from each person. For the first person, the U gets the highest willingness to pay (P1). For the second the second highest willingness to pay (P2), and so on. However, for n students, the average revenue is (P1+P2+...Pn)/n. The MR for n students is simply Pn. and these two are not the same.

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