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....

Unit 1: How to draw externality/welfare loss diagrams

You lot tend to struggle with drawing externality diagrams. Check out this flowchart to help you to get to grips with them. The chart flows from left to right.