Dynamic Pricing and Producer Surplus | AQA A-Level Economics | 9-Marker

In this video we walk through a 9-mark analysis diagram for a question on dynamic pricing used in selling concert / event tickets. Major ticket platforms now use "dynamic pricing" algorithms that increase the price of concert tickets in real-time as more fans log on to the site to buy them. This often results in fans paying hundreds of pounds more than the "face value" of the ticket. Exam Question "With the help of a diagram, explain how a firm with monopoly power can use price discrimination to increase its producer surplus at the expense of consumer surplus."