holy crap! exactly what I needed, a quick and clear review of a monopoly! THANKS!

This video is absolutely great! Thanks!

You're excellent at explaining this. Thanks!

thank you owen wilson very helpful

Thank you for visually explaining the Monopoly graph.

this is perfect. like i learned it in class but i needed a diagram. thanks!

you are awesome, I did well on my test because of you

Hello again Uzumami and thanks for the positivism! It is just a coincidence in a couple of my vids that MR appears to be zero at allocative efficiency. In a perfectly competitive firm, in fact, the firm would never produce where MR=0 because the MC would be greater than MR so the firm would not be in a profit maximizing position. Btw, I am not familiar with Edexcel. Sorry about that one. Hope this helps.

wow! this was really good graphing and explanation! thanx!

Hi Caroline, minimum ATC ALWAYS intersects the MC. Depending upon the costing structure of the firm, the U-shaped ATC curve and it's minimum can be above, below or right at MC=MR. It is the ATC curve's position relative to the industry demand curve that is really important.

Thank you very much! Finally it makes sense

Usually on an exam, these numbers would be given and might appear on the graph. It would be unusual (but not impossible) for a question to ask you for numbers as a result or final answer.

That was so helpful!! Thanks so much

Love to see that my man owen wilson is branching out

I'm studying for the AP Microeconomics final, so this video helped. Thank you!!!

Thanks for the video. Although I still dont fully undertand why the MR curve slopes twice as much as the Demand curve.

Very clear and helpful. Quick question though...does it matter if the minimum of the ATC curve is below where MC = MR?

doesn’t feel right watching an Owen Wilson video without hearing him say “wow”

Thanks for this..very helpful

THANK YOU OWEN WILSON

Super very helpful!

I a'm studing the AP microeconomics, so this video very helpful

Please continue making videos!

I understand monopoly graphs better from this 5 minute video than from a week and a half of AP Econ class.

very helpful .. which programs are you using to draw graph

very helpful ..sir which did you use to make graph

thank you!!!

Thank you!!

The best!

Excellent

Thank you

my favourite subject is Economics. very easy to understand

thank you!

Thank you so much

Thank you.

very helpful

Great work and great graphics! Can someone tell me please...what software allows you to create animated (or even still) graphs such as these? Is there a package that specifically makes economic charts or are they created using a generic graphics package then manually created manually rather than from templates?

Thnx bro

thank you

So is this monopoly breaking even or an economic profit?

i thought the monopolies demand curve is vertical. what you are describing is the monopolistic competition

is monopolist earning supernatural profit and monopolist earning super normal the same thing or is there is a different.....please help

so legit!

cool!!!

thanks! :):)

You sound exactly like Owen Wilson. Its mind boggling.

A monopolized firm will not produce at D=MC because their profit it too low. They will get more revenue there, but its not profit maximizing. D=MC will only happen if the market is perfectly competitive. You should also explain that MR can =D. That takes place when there is price discrimination.

Great Job, How would the whole graph look if the Monopoly had an inelastic product like for example Pharmacy B had vaccination that can cure AIDS and patented it, since the disease can be life threatening consumers are willing pay money to cure them of this disease so in a sense Pharmacy B realizes the demand for the vaccination how will this hypotheical situation look on the graph?

yes

Very helpful. What happens if we tax the Monopolist, either the profit or a given percentage? Subsidy might reduce dead-weight loss but society might get taxed more.

✔️

interesting

Dear sir! How can i draw this graphe in my computer, by which program.

Helpful as shit, thank you

I don't get how would i put numbers on quantity and price?? >_

where would i draw the AVC curve?

Damn it. I thought this was about the game

well

you have a gift..... i'm from latin america and i get it perfectly.... thanks

Pourriez-vous refaire la vidéo en langue française , please

Come on! How did you draw the ATC? Change the title or do it properly!

اسلوبہ سھل یقرب الی الفھم

very helpful. but please speak a little slow..

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