Q64 Monopoly vs Perfect Competition: Surplus & Deadweight Loss Explained
Автор: 👑Econ Queen 👑
Загружено: 2025-04-21
Просмотров: 44
Описание:
In this video, we explore how monopolies differ from competitive markets by analyzing a cost-revenue graph.
We’ll walk through:
Profit-maximizing output and price under monopoly
Consumer & producer surplus comparison
Deadweight loss explained with visuals
What changes when the market becomes competitive?
Perfect for students studying market structures, welfare economics, and microeconomics in general!
🎓 Great for exams, homework, or anyone wanting to understand how different pricing strategies impact total welfare.
00:00 - Introduction: Monopoly vs Competition
01:15 - Monopoly: Output, Price & Surpluses
04:00 - Competitive Market Outcomes
06:30 - Comparing Surpluses & Deadweight Loss
08:00 - Summary: Who Gains & Who Loses?
🔖
#Microeconomics #MonopolyVsCompetition #ConsumerSurplus
#DeadweightLoss #MarketStructures #EconExplained
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