Monopoly: Demand and Marginal Revenue Relationship
Автор: Econbusters
Загружено: 2021-11-08
Просмотров: 4682
Описание: Since the MR line is underneath the Demand curve, monopolist will never produce the output associated with Qs = Qd. Therefore, monopoly power (i.e., market power) results in dead weight loss. This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
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