Economic profit for a monopoly | Microeconomics | Khan Academy
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- Опубліковано 14 бер 2019
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Learn about how to represent a monopoly market graphically in this video. Topics covered include the profit-maximizing quantity, pricing decisions, and deadweight loss associated with monopolies.
Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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Insanely helpful video as always!
Simple but great explanation. I have been struggling with the concept but this makes so much sense
I have really enjoyed your explanation on monopoly, you are calm and clear. Thank you very much
Hi nice work
Excellent video thanks
Good explanation thanks
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MR=D, under perfectly competitive mkt //why
A great youtube video is when you still get coments 5 years later : )
If PRICE is constant than AR = MR
Pakistan automobile market has been a monopoly of Toyota in SUVs and pickup truck Suzuki in small cars and Honda in sedans from 1980s till 2020 and government sealed this market for others the result is expected a Honda civic 11gen cost in america is 22350$ msrp and in Pakistan it is 34220$ for base variant and a Camry is 40000$ in america and 111117$ in Pakistan I think its enough evidence to prove that perfect monopoly exist in the world
AM I 2TH
I still dont get it, I read the textbook, went to classes, did my homework, watched these videos and STILL don't understand. Idk what else to do : (
Calculate profit based on violence is the dumbest study you can do. How a stealer can calculate profits of a bank robbery? Violence is not measurable.
Also you can't have profits on anything. You give a product or service and you put a price.
100% of the final price is 100% the cost.
You bought a limited edition t-shirt for $1000, you sell it at $1500 you don't have $500 profits. $1000 is the product cost, $500 is the cost for the time you invested to get the shirt before someone else.
Nobody works for $0, that's a gift. So If you sell the T-shirt for $1000 you would be working for free.
Ok? 🤨