Y2/IB 18) Monopoly

[@riazgomez7571]

"Lots of JUICY supernormal profits...happy days." This made my day. 5:44

[@dannygarcia3863]

"We're not even close. No suh!"

[@jamesgroser5976]

cheers bossman xoxo

[@razikazimi5318]

econplusdal you have a monopoly in economics youtube channels

[@starguy321]

Best monopoly #UCAS

[@richbrook101]

Very helpful for my revision. I hope you keep on making these videos :)

[@user-dead]

no one explains graphs better than you thankyou

[@Quantum367]

Dal you fucking hero this video saved my A-levels

[@kylesmith2562]

Great videos, will you be doing any on the labour market

[@australia786]

just in time for the exam! lol

[@97Bobson]

What's the difference between X-efficiency and productive efficiency? Isn't the monopoly producing at the lowest point on the AC curve but making profits?

[@kundankumar-fi3zj]

Thanks and I want to become like u in teaching

[@markbushby6204]

If a monopoly chooses to not reinvest supernormal profits into being dynamically efficient, where do the profits go?

[@westernmedia3101]

It could be productive efficiency for monopoly if the MR curve cut the interception of MC and AC coincidentally, Is that right? Thank u so much!

[@dbrk917]

As you would to work out the cost of a subsidy to the government - the vertical distance between curves (the value of the subsidy) * the quantity; are we doing the same in this instance? If i was to multiply the distance between AR and AC by Q1 would this give the value of profit?

[@EconplusDal]

Db Rk Yes absolutely

[@a123386]

Hi, I wonder whether it would be fine for you if you explain Multiplant Monopoly please? It will be really helpful if you do, thank you very much. Regards, Art.

[@nuzhatislam4751]

Hey good video. Could you pls explain the keynesian 45° diagram? I have my a2 exam in may and i dont get a thing

[@LetAfghanGirlsLearn]

+nuzhat islam Hope you had passed your exam well..! :P

[@saikumar2220]

what is the difference between monopoly and monopsony?

[@johnn5680]

I'm a bit late, but a monopoly is a single supplier that dominates the whole market, whereas a monopsony is the sole employer of labour in a given market.

[@KiranSingh-vf8nc]

not necessarily a single employer- you're contextualising it in the labour market. A monopsony is a single buyer

[@bayowa1]

why does demand = average revenue? Isn't average revenue the price? Please message back asap. Thanks

[@dannygarcia3863]

Demand is price.

[@danielghising7269]

bayowa samuel Average revenue equals to price xtotal quantity/totalquantity if u simplify it further u can get average revenue equals to price. And as danny garca said price is equal to demand

[@joemurray3579]

if productive efficiency is when a firm produces at lowest point on AC i.e. its cost are at minimum, then is the above diagram not productively efficient as the cost is in line with the lowest point of the AC curve ?? PLEASE HELP EXAM TOMORROW

[@Australia2341]

Probably useless now but the point where he circled must be on the AC curve, it's above it so it isn't productively efficient

[@MalekDarwish]

very helpful

[@karametlerkamp3352]

This dude is just cute😍

[@rafatarrahmanhaque9858]

Why don't u talk about features

[@dejialonge]

Why is MR GREATER THAN AR

[@olilangworthy]