Monopoly and Economic Efficiency
- Levels: A Level
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
This topic video considers outcomes for monopoly in terms of allocative, productive and dynamic efficiency and also looks at some arguments in favour of monopoly power in markets.
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Teacher of Economics and Business
Mill Hill School, London NW7
- Economics
- Student videos
- Monopoly
- Natural monopoly
- Supernormal profit
- Dynamic efficiency
- Economic Efficiency
- Allocative efficiency
- Productive efficiency
- Competition Policy
Geoff Riley
Geoff Riley FRSA has been teaching Economics for thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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