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\nIntroduction to Monopoly\n

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\nThis video provides an introduction to the concept of monopoly in economics. It outlines the strict definition of monopoly and explains the spectrum of market structures, ranging from competitive to non-competitive. The video also...\nThis video provides an introduction to the concept of monopoly in economics. It outlines the strict definition of monopoly and explains the spectrum of market structures, ranging from competitive to non-competitive. The video also discusses the concept of monopoly power, which refers to a single firm's ability to influence the entire market. The reasons why monopolies develop, including barriers to entry, differentiated products, government design, and economies of scale, are explained in detail.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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10:09
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, markets, market structures, power, monopolies, prices
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Additional Tags

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a-level, lectures, micro, imperfectly, compeitive, 7.1a, introduction, to, monopoly, supply curve, predatory pricing, long run, major airports, minor airports, total output, large firms, smaller firms, landing slots, price maker, higher price, competitive end, pure monopoly, good substitute, entire market, single firm, monopoly power, monopolies develop, market size, monopoly market, firms, price, competitive, develop
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Introduction to Monopoly\" href=\"/subscription/new\">\"Introduction\n\n
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