Marginal Cost and Marginal Revenue
4:33
YouTubeSteve Lobsey
Marginal Cost and Marginal Revenue
This video looks at Marginal Cost and Marginal Revenue, and explains how they lead to an equilibrium of quantity supplied. It is setting up these concepts to apply to different types of markets (eg perfect competition, monopoly) in future videos.
169.9K viewsJun 1, 2013
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