12.3 - Natural Monopolies
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7:54
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is monopoly bad?by pajholden51,417 views
Hi, a have problem...
Monopol situation. I know, that AC=MC=11 for Q and Pd=69 - Q. How to make Pe and Qe? Please answer, thank you so much.
Leasingr 3 months ago
I agree with bltnight07. Also, I hate Krugman's textbook "Essentials of Economics" as well as "Microeconomics." I don't hate HIM personally, I just hate the fact most of the explanations are unclear and that the 3 authors who wrote the book are very long-winded.
Masteroftrancegirl 9 months ago
p=ac because of the regulators... that could be the government regulating the price equals ac
rmykelz 11 months ago
McKenzie looks like old Bruce Willis ( this is a compliment) :) . Good explanation!
koirohi 1 year ago
they dont want to produce at P=MC but regulators such as OFWAT etc will want them to produce at P=MC in order to maximise consumer surplus. The price at where MC=MR will maximise profits but not consumer surplus.
soddit123 3 years ago
I study IB economics, and it was explained to me that the size of the market is a barrier of entry in itself. This means that a natural monopoly will procuce at mR=MC, and make economic profit. The market is just not big enough to take to firms. That other firms CANNOT move in, that a Natural monopoly is a monopoly. If this is true, why would the firm (since it's not contestable, or is it?) produce at P=AC?
Astorkarate 3 years ago