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.

Concepts

monopolies

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Additional Tags

monopoly, monopoly price, social studies

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Classroom Considerations

• Learners should understand the relationship between demand and marginal revenue in a monopoly before beginning this video
• Appropriate for an advanced placement class

• This video is hosted on YouTube

Pros

• 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

Cons

• None

Common Core

RH.11-12.4 RH.11-12.7