Exam Support
Monopoly Profits and Entry Barriers (Chain of Analysis)
- Level:
- A-Level, IB
- Board:
- 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.
You might also like

Non-price competition - does it matter where beer is brewed?
16th December 2022

Hearing Aids Merger Under CMA Investigation
6th December 2022
Price Discrimination and Consumer Welfare - A-Level Economics Essay Walkthrough
Practice Exam Questions

Theory of the Firm - Egg farmers get squeezed by higher costs
8th November 2022

Energy Economics - BP makes record profits
1st November 2022

Contestable Markets - EU Digital Markets Act
1st November 2022

Shell makes record profits - calls mount for a windfall tax
27th October 2022

Contestable Markets - Amazon launches Amazon Insurance Store
19th October 2022