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ap microeconomics cram – monopolies & game theory

originally streamed on March 25, 2021 with Hope MyersTeacher
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Review imperfect competition, monopolies, oligopolies, and game theory for your AP Microeconomics exam. This cram session covers Unit 4 concepts with detailed graph explanations, profit maximization strategies, and market structure comparisons to hel ...more

covered in this stream

units
Unit 4 – Imperfect Competition
topics
4.1 Introduction to Imperfectly Competitive Markets4.2 Monopolies4.3 Price Discrimination4.4 Monopolistic Competition4.5 Oligopoly and Game Theory

timestamps

  • 0:00

    Introduction and Welcome

  • 0:43

    Unit 4 Overview

  • 1:46

    Upcoming Sessions Reminder

  • 3:18

    Graphing Imperfect Competition

  • 4:20

    Perfect Competition Review

  • 6:27

    Imperfect Competition Characteristics

  • 7:59

    Marginal Revenue Example

  • 10:41

    Monopolist's Dilemma

  • 13:21

    Monopoly Characteristics

  • 15:55

    Barriers to Entry

  • 18:03

    Graphing Monopoly

  • 20:38

    Profit Maximization in Monopoly

  • 23:47

    Allocative Efficiency Analysis

  • 26:58

    Deadweight Loss in Monopoly

  • 28:01

    Natural Monopoly Explanation

  • 31:07

    Elastic Range for Monopoly

  • 32:10

    Price Discrimination Concept

  • 35:16

    Graphing Price Discrimination

  • 38:59

    Monopolistic Competition Overview

  • 41:05

    Fast Food Example

  • 43:43

    Graphing Monopolistic Competition

  • 46:17

    Long Run Adjustments

  • 48:22

    Efficiency in Monopolistic Competition

  • 49:55

    Excess Capacity Explanation

  • 51:00

    Oligopoly Characteristics

  • 54:07

    Strategic Pricing and Game Theory

  • 56:44

    Game Theory Matrix

  • 1:03:02

    Oligopoly Graph Types

  • 1:06:08

    Non-Colluding Oligopoly

  • 1:06:40

    Closing Remarks

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Company

What's New?PricingBulk DiscountsTestimonialsFAQsEmail us

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🌎 ap world history🇺🇸 ap us history🇪🇺 ap european history

social science

✊🏿 ap african american studies🗳️ ap comparative government🚜 ap human geography💶 ap macroeconomics🤑 ap microeconomics🧠 ap psychology👩🏾‍⚖️ ap us government

english & capstone

✍🏽 ap english language📚 ap english literature🔍 ap research💬 ap seminar

arts

🎨 ap art & design🖼️ ap art history🎵 ap music theory

science

🧬 ap biology🧪 ap chemistry♻️ ap environmental science🎡 ap physics 1🧲 ap physics 2💡 ap physics c: e&m⚙️ ap physics c: mechanics

math & computer science

🧮 ap calculus ab♾️ ap calculus bc📐 ap precalculus📊 ap statistics💻 ap computer science a⌨️ ap computer science p

world languages

🇨🇳 ap chinese🇫🇷 ap french🇩🇪 ap german🇮🇹 ap italian🇯🇵 ap japanese🏛️ ap latin🇪🇸 ap spanish language💃🏽 ap spanish literature

career kickstart

💼 ap business with personal finance🔒 ap cybersecurity

go beyond AP

high school exams

✏️ PSAT🎓 Digital SAT🎒 ACT

honors classes

🍬 honors algebra II🫀 honors anatomy🐇 honors biology👩🏽‍🔬 honors chemistry💲 honors economics📐 honors geometry⚾️ honors physics📏 honors pre-calculus📊 honors statistics🗳️ honors us government🇺🇸 honors us history🌎 honors world history

college classes

👩🏽‍🎤 arts👔 business🎤 communications🏗️ engineering📓 humanities➗ math🧑🏽‍🔬 science💶 social science

hs classes

🏛️ alabama history⛰️ appalachian studies🌴 california history🌍 earth science🌐 ethnic studies🐊 florida history🍑 georgia history🌎 global studies🌺 hawaiian studies📰 journalism🪶 native american studies🌵 new mexico history🤠 oklahoma history⚗️ physical science🎙️ speech and debate🤝 texas government🤠 texas history🌲 washington state history🕊️ world religions
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