This little video does a great job of explaining why the demand and marginal revenue curves are downward sloping in a monopoly and how and where to mark the diagram for profit, revenue, marginal and average total cost. It comes from mjmfoodie who has a lot of great macro and micro videos.
Tuesday, October 28, 2014
Monopolies Explained
This little video does a great job of explaining why the demand and marginal revenue curves are downward sloping in a monopoly and how and where to mark the diagram for profit, revenue, marginal and average total cost. It comes from mjmfoodie who has a lot of great macro and micro videos.
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