Regulating Monopolies (Socially Optimal and Fair Return)- Micro Topic 6.4

Mr. Clifford from ACDC Econ explains key economic concepts related to regulating monopolies in 60 seconds. He covers unregulated monopolies, socially optimal pricing, and fair return pricing. The video also discusses why taxing a monopoly is not advisable. The concepts of socially optimal and fair return pricing are explained, highlighting the differences in outcomes for monopolies and the role of government intervention.

What new insight or understanding did you gain from this video?