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This Monopoly Dead Weight Loss Review instructional video also includes:
Young economists study the graph of monopoly depicting dead weight loss and inefficiency in comparison to a graph of a perfectly competitive market.
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CCSS:
Adaptable
Additional Tags
Classroom Considerations
- Prior to beginning the video, learners should understand the concepts of consumer and producer surplus as depicted on a graph, as well as perfectly competitive markets
- This video is hosted on YouTube
Pros
- Explains how marginal revenue curve affects a monopoly
- Compares graphs of perfectly competitive market and monopoly side by side
Cons
- None