This is super helpful thank you! You did a really great job breaking it down for someone with *very* limited knowledge of economics principles!

I appreciate the feedback, but be careful. Any time price is greater than marginal cost there will be some degree of deadweight loss because the good or service will be under-produced from a firm's point of view and the industry point of view; allocative efficiency will not be achieved. Any time this situation occurs, there will be some deadweight loss.

You are awesome! Thanks so much for this video. I missed class and this is perfect for me.

There's a error in the Mono C there's no deadweight loss it's excess capacity because its not operating at the lowest possible cost so it's inefficient . My Ap Econ teacher searched it in a university to see if he was right and so he was .

D= AR

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#MonopolyTax Monopolistic Competition Is oxymoronic. Monopoly and competition are opposites in terminology ha ha ha... Taking funds from a monopoly and/or busting monopolies into pieces are good for any economy if the funds are paid to existing competition and/or new business start ups. If the monopoly derived funds are eaten by governance then the economy is harmed more than helped as goods become fewer and more expensive.