Monopoly Profits and Entry Barriers (Chain of Analysis)
- A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
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.