How do you regulate a monopoly, and how would this be depicted on a graph? Watch a savvy economics instructor answer this question by offering detailed explanations and drawing a graph in real time.

Young economists study the graph of monopoly depicting dead weight loss and inefficiency in comparison to a graph of a perfectly competitive market.

Why is marginal revenue less than the demand curve for all perfectly competitive firms in a monopoly? Watch as a savvy economics instructor answers this question using graphs and detailed explanations.