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Economics

Exam Technique Advice

Monopoly Profits and Entry Barriers (Chain of Analysis)

Level:
A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

This short revision video clip explains how supernormal profits can be earned by a monopoly supplier in the long run because of the existence of barriers to entry. Good analysis contains chains of reasoning, supported by appropriate analysis diagrams and applied examples.

Chains of Reasoning - Monopoly Profits and Entry Barriers

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