Some Deficiencies Often Found in the Textbook Analysis of the Monopolist Discriminating between Two Markets

G V Reed and J M Bates

Scottish Journal of Political Economy, 1990, vol. 37, issue 4, 386-95

Abstract: Many textbooks incorrectly depict the relationships between marginal and average revenue curves for a price discriminating monopolist. Though linear demand curves in the two separate markets lead to a profit-maximizing monopolist having an aggregate marginal revenue curve which is linear, it is shown that the aggregate average revenue curve is not linear: furthermore, revenue typically exceeds that represented in the textbooks as the aggregate average revenue curve. Copyright 1990 by Scottish Economic Society.

Date: 1990
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