Deadweight loss or welfare loss

Useful look at welfare loss to society from government intervention through indirect taxation and welfare loss through monopoly power.

Unit 3: Monopoly and deadweight (welfare) Loss

The monopoly dead weight loss diagram can cause confusion conceptually and diagrammatically for students. Here is a simple explanation which should help.



Let me know you have watched this and understand it!

One questions.....can monopolies (despite loss of welfare) be good for the consumer?

Please comment....