Monopoly Deadweight Welfare Loss

The monopoly deadweight loss diagram can cause confusion conceptually and diagrammatically for students. This Why...? video aims to clear every up.

Welcome to Why...? Friday, where I will post a video every Friday covering an area of Economics which extends the brightest students, providing a deeper understanding of a given topic or concept.

This week is the deadweight loss inflicted by a monopoly producer, first of all to understand why we say a social loss is made at all and secondly why, as economists, we call this loss deadweight. To know how to use this in an long essay click here.

There are further extension videos covering all sorts on my channel.