Y2 19) Monopoly - Pros, Cons and Evaluation (Essay Plan)

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5 жыл бұрын

Y2 19) Monopoly - Pros and Cons (Essay Plan). The pros, cons and evaluation of a monopoly market
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Not all heroes wear capes! One day I will find this man in the UK bow down and show him how massively I respect what he has done for all students out there including me who absolutely hate economics

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@nilarmyat1552 6 ай бұрын

thank you so much sir

@lucienauka3032 Жыл бұрын

thank you 🙂

@aubeeluckmanusha486 3 жыл бұрын

Using the video as a quick summarized revised , got A level exams in two days . Very helpful and so clear .👍 Thank youuuu.

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@Sally-dn7hv Жыл бұрын

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@zk_011 3 жыл бұрын

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@shreyatasnim1791 Жыл бұрын

Can someone link the video where he explains the diagram

@MC10W 5 ай бұрын

Camn you also dfidscsus for thenegatives of monopliesis that thry can redecuce supply anf raise prticesd- thus lesading to a deadswegith welfare loss- as consumers are exploited- and so consumer surplus shirnks.- not only because therei is less choice but also a less supply of a particular g/s. - AAnd so you can illusteate this using a D and S diaram whr Supply xurve shifts to the lefgt and prices rise whilst qwuantit supplied falls ?

@plizzy6844 3 жыл бұрын

I hope you know ily x

@instinctivehd652 9 ай бұрын

Isn’t the market structure which supermarkets are within called an oligopoly?

@usmanumer2333 Жыл бұрын

says that monopolies can benefit from economies of scale thus reducing prices more than perfect comp can. whereas isn’t it assumed that in the long run oerfect competition achievers economies of scale due to productive efficiently and competition.Please explain sir i’m confused

@jakepeto2496 Жыл бұрын

You're correct that in the long run, perfect competition can achieve economies of scale due to productive efficiency and competition. However, it's important to note that monopolies can also benefit from economies of scale. When a monopoly operates at a large scale, it can spread its fixed costs over a greater quantity of output, resulting in lower average costs. This allows the monopoly to potentially reduce prices more than firms in perfect competition.

@cewes548 2 жыл бұрын

Hi can anyone explain why on the diagram supporting the greater economies of scale for competitive economies that mc doesn't = mr, surely they are profit maximising?

@Anonymous-lg6od 2 жыл бұрын

MC does MR on the Pm (monopoly situation) where quantity supplied is taken from that point (Qm). To then find price (Pm) - the profit maximising price - from the demand/price curve. Hope that helps

@jamiek8603 2 жыл бұрын

@@Anonymous-lg6od that doesnt answer the question though, for a competitive market, the equilibrium for Pc Qc is not at MC = MR

@jackwilcock1100 2 жыл бұрын

Think it’s because competitive outcomes are allocatively efficient so they produce where mc=ar

@MC10W 5 ай бұрын

Can you expalin the diagraams..

@Eugene141 3 ай бұрын

thanks dal dog

@adariepennant3389 3 жыл бұрын

what if Microsoft + Nintendo + Sony + sega joint forces and made a super console together 🤝🤝🤝

@jakepeto2496 Жыл бұрын

If Microsoft, Nintendo, Sony, and Sega were to jointly collaborate and create a super console, it would undoubtedly be a groundbreaking event in the gaming industry. Such a collaboration could potentially combine the strengths, resources, and expertise of these major players to deliver an unprecedented gaming experience to consumers

@hooha0949 2 жыл бұрын

Does anyone have an example of a business cross-subsidising

@eduardo-cf1iw 2 жыл бұрын

Carrefour, dont know if they are so popular in the UK, but basically they are a big supermarket industry, and they cross subsidize in the sense that they have a specific type of cheap generic branded foods that they sell in their own supermarket, and arguably they can sustain to lose money in the rice they seel for really cheap because theyhave abnormal levels of profit to do so

@austinwachira5185 Жыл бұрын

@eduardo Thanks for this.👍

@jeddslade3540 Жыл бұрын

@@austinwachira5185 if you want a uk based one, costco is a good example