Khan Academy
Khan Academy: Economic Profit for Firms in Perfectly Competitive Markets
An important skill in microeconomics is the ability to find a firm's profit. Learn more about how to use a graph to identify the profit-maximizing quantity for a firm in a perfectly competitive market, and identify the area that...
Khan Academy
Khan Academy: Economic Profit for a Monopoly
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. [6:13]