Socially Optimal and Fair Return for Monopolies

This Socially Optimal and Fair Return for Monopolies video also includes:

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.

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CCSS: Adaptable
Classroom Considerations

  • Appropriate for an advanced placement class
  • Best used as a tool for review, rather than as a stand-alone lesson
Pros

  • Explains the cons of the government imposing taxes on a monopoly firm
  • Reviews concept of socially optimal and fair return prices
Cons

  • None
Common Core