Introduction to Monopoly Theory

Tutorial on the introduction to monopoly theory.
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[@HamzaMalik-kv7dh]

What a gem, i couldn't understand these graphs after several hours of watching my lecture videos and readings but you explained it PERFECTLY in just few minutes.

[@impossibletangerine9785]

you have the best economics videos on youtube. i have tried to watch a lot of other channels and none of their explanations are ever as clear, or they have annoying voice-overs/graphics. thank you so much for these videos!

[@economicsfun]

Appreciate that! It is always my goal to take a very complex idea and simplify it and explain it better.

[@quillatequilla]

I am so very grateful to you. Have an exam in 7 hrs and NOW understanding this material after and entire semester of going all Lecturers, hmm life saver!

[@zzzzoooo7378]

Hands down the best explanation for market structures

[@economicsfun]

Great observation, you are correct. Profit is maximized when marginal cost = marginal revenue. The same is true with life... your "enjoyment" is maximized when marginal benefit = marginal cost.

[@lila6029]

This is a great video that explains the monopoly theory and I really appreciate how you mention the difference between perfect competition and monopoly at the end of the video. Thank you so much for posting all of these videos, extremely helpful!

[@kusubos]

never seen and heared a so clear thinked explanation. its focused on the real important things. thx very much.

[@economicsfun]

Well, there is not one program I use. I use photoshop, illustrator, html5 and final cut pro. So it takes me a while and I string a lot of stuff together. Thank you for you compliment as well.

[@arpitapriyadarshini7635]

explained complex things in such a elegant way wow!!! best economics lecture ever attended !!! thank you so very much for this. BEST WISHES FOR YOU ,SIR !

[@darrylaranosuaga1094]

yay.. compare to some videos I just watched today , you have the best explanation and presentation tHAT made me understand about the market structure, monopoloy , perfect competition and their curves. thank you!

[@jalengozun2463]

You just save me from failing on my Economics class. I thank you so much!

[@williamlu3703]

Could you make a monopolistic competition and oligopoly video please. Your video is the most amazing I have ever seen before! That’s is fantastic it’s really help !!

[@economicsfun]

Thanks so much! I plan to load more on Monopoly Theory over the next week or so, make sure you subscribe.

[@mayankkumar553]

Please upload video of oligopoly market .I enjoy your lectures. Thanks

[@chippychips96]

Your way of teaching is brilliant!

[@economicsfun]

Total Revenue (TR) is price times quantity. The total revenue chart is built on each price and quantity combination from the demand curve. The x axis is the same on both charts (Quantity). I do have a playlist on Monopoly Theory and I would encourage to try to go through the videos. You can see the playlist on my channel statisticsfun.

[@economicsfun]

I use a variety of different software including photoshop, illustrator, HTML5, Final Cut, GarageBand and a few other products. Each video takes me a long time to create. My rule of thumb is each minute of video takes about 12 hours to create, so a 7 minute video takes me about 84 hours of development time. Besides the technology I use, I have done a tremendous amount of research on how students learn via animations and the impact of color and narration.

[@economicsfun]

Great question! We would treat this as a subsidy for the consumer. This would cause overall demand to increase. In this case more consumers could afford the higher prices charged by the monopoly and quantity demand would be higher too. If the monopoly is subsidized there overall costs should be less and they would offer lower prices and a higher quantity. Very good question and I need to create a video explaining this topic.

[@vaishaliajmera4172]

Very well explained! Thanks so much. Technology used by you, is just commendable.

[@sardarharoonsaleemkhan6499]

VERY NICE N OUTSTANDING......HONORS N RESPECT FROM KARACHI PAKISTAN

[@kossiadegnon477]

Waow. 8 hours of work for 1 mn. I have never seen anything this clean. I will be referring a lot of people to watch these videos. they are really hors pair (French). Keep up the great work. It will surely pay off one day.

[@economicsfun]

Kossi Adegnon Thanks for referring your fellow students. I wonder if the animations work in other languages? Can a non english speaking person follow the animations. While a photo may be worth a 1,000 words an animation may be worth a million. Good luck in your classes.

[@bikrambarua464]

I am a life long learner and a long term fan of your elegant presentations . Many thanks best wishes .

[@lmao13366]

WOW!!! Your dedication is untouchable Sir. I just loved your videos.

[@karimahmadzai6437]

the most amazing and useful video and we want from you to share more videos like this. thanks prof.

[@thoata6975]

What kind of software do you use to make this video? It looks educational, easy to watch but also neat and fine.

[@ritulakra9047]

Awesome video each step is clearly explained with effective presentation 😊

[@economicsfun]

Profit = Total Revenue minus Total Cost Total Revenue = Price x Quantity Total Cost = Cost x Quantity Price and Quantity change as you along and down the demand curve and cost and quantity change as you move along the supply curve.

[@artdragonheart]

Another wonderful video! ⭐️

[@economicsfun]

That is a good idea and I do need to add these lessons too.

[@economicsfun]

Thank you and the feedback is much appreciated. Yes, I currently teach at a small university in Kansas City, but I have been in and out of academy for many years. Do check out my linkedIn profile if you are interested (David Longstreet).

[@gaylesamandari7118]

Love your videos. Best Econ voice

[@mrsmwanikisusan4460]

You teach so well sir.

[@napoleonb55]

HI FRIEND ! COULD U DO A VIDEO ON SHUT DOWN CONDITIONS AND TERMS OF TRADE D: struggling so hard but coping cus of the good stuff on here, KEEP IT UP !!

[@economicsfun]

Thank you so much and many blessings to you and your family.

[@ThatWookieGuy]

Thank you so much friend. Doing managerial econ at the moment, this really helps, love micro.

[@JackTBeatz]

watching these on autoplay, youre the man

[@economicsfun]

Mr.Tidd Thanks!

[@thedomoman8029]

these videos are much more clear and engaging explanations pf economics

[@thedomoman8029]

of

[@pratikrathaur6727]

i dont know what to say but it was amazing!!!!!!!!!!!!!!!!!!!!!!!!

[@economicsfun]

Thanks so much for you positive feedback.

[@kickboxer40]

excellent videos, thank you

[@goldene9339]

So much better than my book. Thank you.

[@TheAvnii]

The program that you use for Graphs is...??? You"re Great !

[@kossiadegnon477]

Amazing video. I am just curious. What software do you use to create this video

[@economicsfun]

Kossi Adegnon I use a lot of different software including adobe flash, illustrator, final cut studio and garage band. Each minute of video takes me about 8 hours to produce. I hope my videos will have a long shelf life.

[@luisjo819]

Thank you so much! Greetings from Perú, Latin-America!

[@economicsfun]

Great to hear!

[@junetan1733]

ty for doing and posting this video online.

[@economicsfun]

You are very welcome. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

[@theevishal4078]

If you can share comparison of graphs of all market types ,such as Perfect competition ,monopoly,monopolistic etc in one video ,it will be very easy to understand.

[@thedomoman8029]

the only thing you forgot in this video is DWL;dead weight loss, the triangle that isn't consumer or producer surplus.

[@macgyver7981]

This is awesome..great job and thanks for helping..

[@economicsfun]

Patrick Lilema You are welcome. If you get a chance like on FB (www.FaceBook.Com/PartyMoreStudyLess), share, like the videos, and subscribe. It helps others find the videos.

[@AgustisAtWatch01]

You are the best 💎💎💎💎💎💎

[@kennuschisenga5861]

That's for excellent explanation.

[@nedalali3216]

This is a great video. Thanks

[@economicsfun]

You are welcome. Don't forget to like MyBookSucks on FB (see link in video description). This will help me get the word out about the free videos.

[@economicsfun]

Appreciate the comment! Hopefully my videos are helping you "Kick More and Study Less" Make sure you like MyBookSucks on Facebook (see link in video description). This will help students find the educational videos.

[@economicsfun]

Wow! Congratulations on your improved marks. I appreciate the compliment but you deserve all the credit. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

[@drallisimo34]

great lesson!!!

[@mangoesgonewild]

Thank you very much for the videos! Subscribed :)

[@yemail5471]

i fell in love with his voice ~! :)

[@economicsfun]

1 more thing... Make sure you like MyBookSucks on Facebook. This will help others find the educational videos too.

[@economicsfun]

Thanks!

[@danilobucker]

Why don´t you do video classes about macroeconomics?

[@economicsfun]

Danilo Bucker Danilo I do have a few on macroeconomics and do plan on adding more on this subject over time.

[@Sythor2008]

This guy is a genius.

[@rolih6]

What happens if tax is given to consumers in monopoly... Do we calculate it the same as if it would be given to producer?

[@GiftedIncaLight]

You’re the best

[@jerr0028]

Thank you so much.

[@danzidae441]

How does one determine where profit is maximized when MC doesn't equal to MR?

[@daviddean7174]

amazing vidoe. thanks

[@parzrelmuzik]

Simply explained

[@Hussain2816]

awesomeeeeeee!!!! post more videos em in love with eco and u :) LOVE UU

[@ohlalalil]

I LOVE YOU, i have my exam tomorrow i wish you could be my tutor hahaha

[@danzidae441]

profit is maximized when MC=MR in all 3 (perfect competition, monopoly and monopolistic competition)????

[@danzidae441]

i don't understand how u plot the points on the TR graph

[@xxxxxx54321]

Could you pls post Oligopoly market..

[@economicsfun]

Thank you for the feedback it is much appreciated. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

[@Hollylovesbeauty7]

Just shared with a friend!

[@economicsfun]

Hollylovesbeauty7 Thanks for that!!!

[@thedomoman8029]

Thank you!

[@msbunny030]

Thank you

[@ocsosweet]

thanks so much

[@danzidae441]

thank u :)

[@economicsfun]

Thank you! Give me some love on Facebook and like MyBookSucks (see link in video description). This will help me spread the love about the educational videos.

[@choyonmazumder3780]

This one is much more organized. Wan more

[@justsomegirlwithoutamustac5837]

I luv u budy

[@ritulakra9047]

A big 👍

[@TFrills]

You always say "negateev"

[@p4m80r34]

i like you

[@economicsfun]

+Barry .Marshall Thanks man, I like you too

[@mebootm]

thank you thank you thank you , i wish i knew it before.

[@economicsfun]

Thank you and the feedback is much appreciated. Yes, I currently teach at a small university in Kansas City, but I have been in and out of academy for many years. Do check out my linkedIn profile if you are interested (David Longstreet).

[@HOMIE4222]

Thank you so much.

[@economicsfun]

+DON GITHINJI dYou are very welcome! If you get a chance like and share the videos and especially like my FB page (www.Facebook.Com/PartyMoreStudyLess), It will help others find the videos.