Differentiation: Prices in monopolistic markets (4/4) METAL Film 5.09

Differentiation has enabled us to understand why prices in monopolistic markets tend to be higher than in competitive ones. But an understanding of demand elasticity is essential to understanding price determination, not only in the supermarket, but also in markets generally. Produced as part of the project Mathematics for Economics: enhancing Teaching and Learning. See more at: http://www.metalproject.co.uk

Category:

Education

Tags:

• math
• mathematics
• economics
• teaching
• learning
• monopolistic
• monopoly
• markets
• power
• elasticity
• supermarkets
• price