Topics
Monopoly Profit
Monopoly profit is the excess profit or supernormal profits that a firm can earn by being the sole provider of a good or service in a market. Monopoly profits are possible because a monopolist has the ability to set prices for its products without facing competition, which allows the firm to earn higher profits than it would in a competitive market.
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Normal and Supernormal Profits Explained - A-Level Economics Mastery
12th December 2024
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4.1.4.7 Profit (AQA Economics)
Study Notes
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3.4.5 Monopoly (Edexcel)
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3.4.5 Monopoly Power (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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4.1.5.6 Monopoly and Monopoly Power (AQA A Level Economics Teaching Powerpoint)
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3.3.4 Business Profits (Edexcel A-Level Economics Teaching PowerPoint)
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Why is Coca Cola so profitable?
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Why is Apple so profitable?
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Why is RyanAir so profitable?
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Economics of a Natural Monopoly
Topic Videos
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Alternatives to Profit Maximisation Explained
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Supernormal Profits - Biggest Oil and Gas Profit in History
12th March 2023
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Why are insulin prices so high in the United States?
9th March 2023
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Monopoly - Eli Lilly cuts prices of insulin by up to 70%
1st March 2023
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Economies of Scale and Business Profits
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Why are the oil giants making such big (supernormal) profits?
13th February 2023
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Shell reports highest profits in 115 years
3rd February 2023
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Why is Ryanair so profitable?
1st February 2023
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How is Tesco so profitable?
29th January 2023
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Hearing Aids Merger Under CMA Investigation
6th December 2022
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Price Discrimination and Consumer Welfare - A-Level Economics Essay Walkthrough
Practice Exam Questions
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Industry Profile: UK Supermarket Industry
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Energy Economics - BP makes record profits
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Profit Margins - Are supermarkets taking advantage of drivers?
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Centrica announces 500% increase in profit & £59m dividend
28th July 2022
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Key Diagrams - Monopoly and Allocative Efficiency
Topic Videos
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Key Diagrams - Monopoly Profit with a Price Cap
Topic Videos
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Key Diagrams - Monopoly Supernormal Profit
Topic Videos
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Price Discrimination - Four Revision Videos
Topic Videos
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Key Diagrams - Long Run Shut Down Price
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Welfare Loss from Monopoly Pricing
Topic Videos
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Economics of Monopoly (Revision Quizlet Activity)
Quizzes & Activities
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Profits and Entry Barriers in Markets Explained
Topic Videos
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Profits and Economic Efficiency Explained
Topic Videos
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Monopoly Power in Markets
Study Notes
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Why market structure matters for development
3rd August 2021