@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)?
Many thanks for you videos. Is it possible to have one on monopolistic competition. I thought I had seen one from you before, but I am unable to find it. I remember as you drew a shark and said the abnormal profits attract the sharks. If there is one that already exisits, is it possible for you to write the link down under this comment please? Many thanks
THIS IS DAMN CUTE
blissterd 2 weeks ago
@jrodriguez99ymail lol
mortymingledon 1 month ago
@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.
dominickickbush 2 months ago
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?
PlasticFunnel 3 months ago
@jrodriguez99ymail
Explain
hahauloveme 7 months ago
I cant find oligopoly nd monopolistic
Have you got anything on economies of scale, mergers and takeovers??
Thaanlks you vids been helpful :)
Prettiebetzie 8 months ago
where is oligopoly?
ARISH2 9 months ago 2
There is no such thing as a natural Monopoly.
jrodriguez99ymail 9 months ago
Many thanks for you videos. Is it possible to have one on monopolistic competition. I thought I had seen one from you before, but I am unable to find it. I remember as you drew a shark and said the abnormal profits attract the sharks. If there is one that already exisits, is it possible for you to write the link down under this comment please? Many thanks
deysh 11 months ago
Watch the myth of natural monopolies.
cclodfe 1 year ago