Episode 28: Regulation
How does the government regulate a natural monopoly?
“Episode 28: Regulation” by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
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How does the government regulate a natural monopoly?
“Episode 28: Regulation” by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Source link
These pictures be cracking me up lmao
The drawings are genius: so simple but expressive 5:10 is a good example!
This is a fcking amazing channel
why is marginal cost not a J shaped curve in this video.
your videos are amazing!
Mind blowing explanation….Your Precise teaching saved lot of time.Feel like I would have seen this a couple of years before..Congoo
thankss my niggaa
Of course I would find out about this amazing youtube chanel THE NIGHT BEFORE my intermediate micro final exam!!
The begging part… just love it , made me laugh
Thanks for the video.
I felt touched with Uncle Sam begging the yo-yo monopolist.
I love this yoyo monoploy looking guy!
I think it showed PART of the MC curve, but I am really not sure too!
Hi Dr McGlasson, in ep 27: Monopoly, you mentioned MC curves look the same regardless of market structure, but in this video (eg 2:35) the MC curve is not the regular J shape, could you explain why please?
Of course it's hard to understand. It's post hoc rationalization. It's nonsense.
If you're searching for economic truth, I suggest that this article:
mises. org/daily/5266
is a good place to start. It contains actual dates, companies, events, and references.
FTA:
"The history of the Gas Light Company of Baltimore is that, from its founding in 1816, it constantly struggled with new competitors…operated with economies of scale…did not prevent numerous competitors…"
Lovelyyy!!!
THIS IS DAMN CUTE
@jrodriguez99ymail lol
@PlasticFunnel When they talk about no profit, they're actually talking about zero economic profit, not accounting profit. Economic profit takes into account opportunity cost, or the amount of money the monopoly could have made elsewhere with the same amount of money. They're making accounting profit (higher price than cost), but that's not including the amount of time they spent and the opportunity costs as well.
Sorry, I don't understand Episode 28. Why would a monopoly continue to exist if they earn no profit (where it breaks even, revenue = cost, no profit earned)?
If I were a monopoly I'll just leave already, no?
@jrodriguez99ymail
Explain
thank you
i'm so thankful to you..this is an amazing video for me….thanks for sharing..:)
@vinehanger Very good video,Actually I learnt here more,than at university :))