This Monopoly Dead Weight Loss Review video also includes:
Young economists study the graph of monopoly depicting dead weight loss and inefficiency in comparison to a graph of a perfectly competitive market.
5 Views 2 Downloads CCSS: Adaptable
- Prior to beginning the video, learners should understand the concepts of consumer and producer surplus as depicted on a graph, as well as perfectly competitive markets
- Explains how marginal revenue curve affects a monopoly
- Compares graphs of perfectly competitive market and monopoly side by side