This Monopoly Graph Review video also includes:
How do you draw a graph representing a monopoly? Watch a great economics instructor explain the process step-by-step as he includes the primary components of demand, marginal revenue, marginal cost, quantity, and price of a firm.
10 Views 3 Downloads CCSS: Adaptable
- Learners should understand the relationship between demand and marginal revenue in a monopoly before beginning this video
- Appropriate for an advanced placement class
- Offers viewers a sample problem to practice and then explains the answer through illustrations on a whiteboard
- Key points are provided as text on bottom of screen throughout video