Market Power
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Crack Market Structures with Confidence.
Ready to demystify Market Power and ace your IB Economics exams? This online course is your all-in-one guide to understanding one of the most critical and fascinating areas of Microeconomics. With expert instruction and IB-focused materials, you'll be equipped to tackle even the toughest exam questions.
What’s Inside:
Whether you’re diving into Market Power for the first time or refining your exam strategy, this course has everything you need to succeed. With expert guidance and the right tools, you’ll be ready to tackle Market Power like a pro.
Start your journey to Market Power mastery today.
Attention university students and adults: Join thousands of other adult learners who have purchased this course. Discover how the dynamics of market power shape industries and influence everyday life, from pricing strategies to competition policies. With accessible lessons and practical examples, this course offers a unique opportunity to explore microeconomic concepts that impact global and local markets. Whether for personal growth or professional development, this course makes economics both engaging and practical.
Join 4,600+ students worldwide who rated this course 4.9/5 stars.
"I never could've gotten a 7 on the IB Exam with Brad's courses. I bought all five. The best investment I could've made."
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Welcome to Market Power!
FREE PREVIEWThe Nine Central Themes of IB Economics - A Reminder!
Introduction to Costs, Revenue, and Profit Theory
Key Terms and Concepts: Costs, Revenue, and Profit
Lesson 1: Introduction to Costs
FREE PREVIEWLesson 2: The Short-Run and The Long-Run
Lesson 3: Total Product, Marginal Product, and Average Product
Lesson 4: The Law of Diminishing Returns
Lesson 5: Economic Costs (Implicit and Explicit)
Lesson 6: Total Cost, Marginal Cost, and Average Cost
Lesson 7: Short-Run Costs and Diagrams
Study Break!
Lesson 8: Long-Run Costs
Closing Remarks: Costs
Review Questions: Costs
Key Terms and Concepts: Costs
IB Exam Practice Questions: Costs
Lesson 1: Introduction to Revenue
Lesson 2: Total Revenue, Marginal Revenue, and Average Revenue
FREE PREVIEWLesson 3: Revenue Curves in Perfect Competition ("Price Takers" Market Structure)
Lesson 4: Revenue Curves in Monopoly, Monopolistic Competition, and Oligopoly ("Price Makers" Market Structures)
Closing Remarks: Revenue
Review Questions: Revenue
Key Terms and Concepts: Revenue
IB Exam Practice Questions: Revenue
Lesson 1: Introduction to Profit
Lesson 2: Economic Profit, Abnormal Profit, Normal Profit, and Negative Profit
Lesson 3: The Shut-Down Price
Lesson 4: The Shut-Down Price on a Diagram
Lesson 5: The Break-Even Price
Lesson 6: The Profit-Maximizing Level of Output
Lesson 7: Showing Profit in Perfect Competition ("Price-Takers" Market Structure)
Study Break!
Lesson 8: Showing Profit in Monopoly, Monopolistic Competition, and Oligopoly ("Price-Makers" Market Structures)
Lesson 9: Other Motives Besides Profit Maximization
Closing Remarks: Profit
Review Questions: Profit
Key Terms and Concepts: Profit
IB Exam Practice Questions: Profit
Lesson 1: Introduction to Perfect Competition Market Structure
Lesson 2: The Revenue Curves in Perfect Competition
Lesson 3: The Profit Maximizing Level of Output in Perfect Competition
Lesson 4: Abnormal Profit in Perfect Competition
FREE PREVIEWLesson 5: Negative Profit (Loss) in Perfect Competition
Lesson 6: Normal Profit in Perfect Competition
Study Break!
Lesson 7: Productive Efficiency in Perfect Competition
Lesson 8: Allocative Efficiency in Perfect Competition
Lesson 9: The Long-Run in Perfect Competition
Lesson 10: Productive and Allocative Efficiency in the Long-Run
Closing Remarks: Perfect Competition
Review Questions: Perfect Competition
Key Terms and Concepts: Perfect Competition
IB Exam Practice Questions: Perfect Competition
"Brad’s enthusiasm, sense of humor, and energy made me love studying Economics."
Barbara | Chile
Market Power Course + 4 More
Emma | Switzerland
Microeconomics + 4 More
Sam | South Africa
Macroeconomics + 3 More
Diego | Germany
Microeconomics + 3 More
Eliza | Canada
Macroeconomics +3 More
Ithica | Chile
Microeconomics + 3 More
Takahashi | Japan
Market Power + 3 More
Brenda | United States
Introduction to Economics + 4 More
Alexa | Argentina
Introduction to Economics + 4 More
William | United Kingdom
The Global Economy + 2 More