Main Profile

At A Glance

31. Intuition for Monopoly and Elasticity

In this video, I give a non-calculus-based justification for why a monopoly prices on the elastic portion of the demand curve. The intuition is useful to understand why a monopoly never finds it optimal to price on the inelastic portion of the demand curve. For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html
Length: 04:43

Contact

Questions about 31. Intuition for Monopoly and Elasticity

Want more info about 31. Intuition for Monopoly and Elasticity? Get free advice from education experts and Noodle community members.

  • Answer

Ask a New Question