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.
7 Views 3 Downloads CCSS: Adaptable
- Appropriate for an advanced placement class
- Best used as a tool for review, rather than as a stand-alone lesson
- Explains the cons of the government imposing taxes on a monopoly firm
- Reviews concept of socially optimal and fair return prices