Q36 Monopoly vs Perfect Competition | Price Ceilings & DWL Solved
Автор: 👑Econ Queen 👑
Загружено: 2025-01-13
Просмотров: 121
Описание:
In this video, we analyze John Smith’s monopolist company using total cost and price functions. We solve:
Profit-maximizing price and output
Consumer surplus & monopoly profit
Comparison with perfect competition
Deadweight loss from monopoly power
Impact of price ceilings at $27 and $23
📈 Graph-based economic reasoning step by step
🎓 This video is created for educational purposes only
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