Micro: Unit 4.3 -- Monopolies скачать в хорошем качестве

Micro: Unit 4.3 -- Monopolies

Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: Review the key characteristics of monopolies Discuss how monopolistic firms are "price makers" Demonstrate how to spot when monopolies are earning economic profits, taking economic losses, and breaking even Reveal how to identify price, quantity of output, total revenue, and economic profits/losses on a graph for a typical firm Explain why monopolies use non-price competition Investigate how monopolies are productively inefficient in the long-run Describe barriers to entry and how high barriers make it difficult for firms to enter the industry and compete with dominant firms Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video: https://www.teacherspayteachers.com/P... Follow our store on Teachers Pay Teachers https://www.teacherspayteachers.com/S... Look for us on Social Media: Instagram --   / youwillloveh.  . Facebook --   / youwilllovehi.  . Subscribe to our YouTube Channel:    / youwillloveeconomics   Check out our website for teaching tips and insight from us- https://sites.google.com/view/you-wil...