Economic profit for a monopoly | Microeconomics | Khan Academy
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Learn about how to represent a monopoly market graphically in this video. Topics covered include the profit-maximizing quantity, pricing decisions, and deadweight loss associated with monopolies.
Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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Пікірлер: 32
You have been helping me pass my college classes from organic chemistry, physics, stat, and micro in 2009 now to economics and accounting in 2020... You're a legend in the college/academic community dear Sir. Thank you very much for applying yourself and your knowledge towards helping hundreds of thousands to possibly millions of Earthlings eager to learn such as myself.
@JCarter3000
2 жыл бұрын
@Dhruv Shah in and out of college for work, marriage, bills, life, etc. Graduated debt-free recently though. It was worth it. I will never feel graduated from the college of life however.
Even after college you're still making me wiser thanks Khan Academy.
omg...he made me understand the whole concept in just 6mins...Im so happy rn T_T
Simple but great explanation. I have been struggling with the concept but this makes so much sense
Insanely helpful video as always!
I have really enjoyed your explanation on monopoly, you are calm and clear. Thank you very much
how do you know so much??? one video you're teaching advanced chemistry the next economics!
@suman1272
4 жыл бұрын
he's Jesus
@rennisdodman8739
4 жыл бұрын
@@suman1272 Im Jesus not him
@GammaFZ
2 жыл бұрын
same guy teaching diff eq is teaching econ ikr
Excellent video thanks
Good explanation thanks
Hi nice work
Imagine having this guy as your ecconomics lacturer and that organic chem tutor guy as your Statistics or maths tutor....
great videos. Thank you
i love you khan academy
A get A thanks for your help
Your like 90% of the reason why i am so good at math
thank you!!!!
Hi, what digital board do they use? (With blavk background and colored writting) Thanks
I feel that science is just mathematicians trying to figure out their shower thoughts
👍👍👍
MR=D, under perfectly competitive mkt //why
A great youtube video is when you still get coments 5 years later : )
Pakistan automobile market has been a monopoly of Toyota in SUVs and pickup truck Suzuki in small cars and Honda in sedans from 1980s till 2020 and government sealed this market for others the result is expected a Honda civic 11gen cost in america is 22350$ msrp and in Pakistan it is 34220$ for base variant and a Camry is 40000$ in america and 111117$ in Pakistan I think its enough evidence to prove that perfect monopoly exist in the world
If PRICE is constant than AR = MR
AM I 2TH
I still dont get it, I read the textbook, went to classes, did my homework, watched these videos and STILL don't understand. Idk what else to do : (
Calculate profit based on violence is the dumbest study you can do. How a stealer can calculate profits of a bank robbery? Violence is not measurable. Also you can't have profits on anything. You give a product or service and you put a price. 100% of the final price is 100% the cost. You bought a limited edition t-shirt for $1000, you sell it at $1500 you don't have $500 profits. $1000 is the product cost, $500 is the cost for the time you invested to get the shirt before someone else. Nobody works for $0, that's a gift. So If you sell the T-shirt for $1000 you would be working for free.
@chibzey5151
2 жыл бұрын
Ok? 🤨