Concentrated Markets: Theory of Monopoly - Economics A2 Level Unit 3

[@Andysbeastinwiturmom]

[@DanisRevisionChannel]

***** Will do!! I've already got the PowerPoint made for tomorrow's video so should be easy to get that one up!! :)

[@ImKingAndrew]

Isn't allocative efficiency MC = AC?

[@DanisRevisionChannel]

ImKingAndrew Pretty sure it's MC = AR (I just looked online and that's what it said but could be wrong)

[@millieeN]

ImKingAndrew i though it was when MC=Price...?!

[@DanisRevisionChannel]

AR = Price :)

[@AliceBabyBieber]

Dani's Revision Channel hi, I've got allocative efficiency as price = marginal cost in my notes

[@DanisRevisionChannel]

Price = AR so that'd make sense :)