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Double Marginalization Problem

24,694 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English

Speech Time:

99%
  • 12:50 / 12:52

Speech Rate:

  • 151 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

organization

/ˌôrɡənəˈzāSH(ə)n/

noun

organized group of people.

patents
noun other verb

licence giving sole right to make, use, or sell invention. Legal protection for things or ideas. To obtain legal protection for inventions or ideas.

understanding

/ˌəndərˈstandiNG/

adjective noun verb

sympathetically aware of other people's feelings. Knowledge about something or someone. To know the meaning of language, what someone says.

because

/bēˈkəz/

conjunction

For a reason.

revenues

/ˈrevəˌn(y)o͞o/

noun other

income. Monies that are made by or paid to a business.

however

/houˈevər/

adverb conjunction

In whatever way; by whatever means. (Used to introduce a counter statement).

particularly

/pə(r)ˈtikyələrlē/

adverb

Specially; more than others.

monopolists

/məˈnäpələst/

noun other

person or business that has monopoly. Someone who controls the market for a product.

economics

/ˌekəˈnämiks/

noun other

branch of knowledge concerned with production, consumption. Studies of trade, industry and money.

looking

/ˈlo͝okiNG/

adjective verb

having specified appearance. To appear to be when you look at them; seem.

vacation

/vāˈkāSH(ə)n/

noun verb

extended period of recreation. take holiday.

problem

/ˈpräbləm/

adjective noun

Causing trouble. Something difficult to deal with or causes trouble.

charged

/CHärjd/

adjective verb

having electric charge. To run quickly toward someone to attack them.

classic

/ˈklasik/

adjective noun

judged to be outstanding. established work of art.

actually

/ˈak(t)SH(o͞o)əlē/

adverb

Used to add new (often different) information.

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