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Monopoly Profits and Entry Barriers (Chain of Analysis)

Level:: A-Level, IB

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

Last updated 21 Mar 2021

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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.