Introduction to Pure Monopoly

This lesson will introduce some of the characteristics of monopolies and use a demand schedule to derive the demand and marginal revenue curves for a hypothetical monopolistic airplane manufacturer. We will then place cost curves on the graph to determine the profit maximizing quantity a monopolist should produce at, and we'll briefly examine the level of output and price as it would compare to a perfectly competitive market.

[yeftubay]

After going through a lot of video reviews about this topic, this is absolutely the explanation that I would need for class reports. The best explanation among the rest.

[letsdothis]

How Did you jus get (MC) and (ATC) out of nowhere?? I'm confused???

[dataanalyst]

MR curve is not right. MR is always inbetween 2 quantitys. For example between 1 and 2 The MR should be 40 but it isnt in the graph show

[modelitomandawe]

Where do you get marginal cost and aberage total cost

[fombonakum]

Theory of the firm. Mr shumbe ..will never forget you when it comes to this topic not for getting daddy national income.

[williamvalentinmunozlopez]

this is better than Pete Navarro's

[kishangavindu]

super sir... nicely explained.. Student from Sri Lanka

[olivarez]

Great Video! You just earned one more subscriber.

[Sean-tpyc]

Thank you so much for the video! This is exactly what I am learning now and my course is in Italian. So this video is a life saver.

[tahafcb]

but why marginal cost curve started from point 20

[billycaymann]

Much better than my lecturer explains.

[RaferJeffersonIII]

That is a really good video. Thanks pal

[javedalimohmand]

thank u for source of great learning point

[olanashaat]

I understand the marginal cost curve and the average total cost curve each of them separately but when you draw it now I don't know how did you did that because you didn't do any calculations and you just draw them also my professor in class does this and I get lots every single time ! Can you please help me ?

[allybashiri]

thank you so much You are so perfect at making lectures keep it up I have really enjoyed it

[jansasha]

At: 9:50, What makes you draw the MC and ATC in chart that way?

[ycallace]

Wait, you could have drawn that MC and AVC line anywhere. Why did you choose it to intersect quantity demanded at 3 ?

[ClintCunningham]

Thank you for this, that was a great explanation, very easy to understand.

[julienn]

This was awesome. better than my mirco teacher

[minminysy]

Thank you so much for preparing this.
The explanation is very clear, it helps me to have better understanding on this topic! :)