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The Monopoly Markup

117,912 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

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

Accent:

  • English (US)

Speech Time:

94%
  • 8:26 / 8:55

Speech Rate:

  • 161 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

diagram

/ˈdīəˌɡram/

noun verb

A drawing intended to explain how something works. represent in graphic form.

determines

/dəˈtərmən/

verb

cause to occur in particular way.

depends

/dəˈpend/

verb

Be controlled or determined by..

starting

/stärt/

verb

begin or be reckoned from particular point in time or space.

elasticity

/ēˌlaˈstisədē/

noun

Ability to stretch and return to original shape.

maximizing

/ˈmaksəˌmīz/

verb

make as large or great as possible.

difference

/ˈdif(ə)rəns/

noun verb

way people or things differ. alter coat of arms.

vertical

/ˈvərdək(ə)l/

adjective noun

(Of a line, etc.) going up and down; not horizontal. vertical line or plane.

greater

/ɡrāt/

adjective

Larger in size or number.

competitive

/kəmˈpedədiv/

adjective

characterized by competition.

revenue

/ˈrevəˌn(y)o͞o/

noun

income.

between

/bəˈtwēn/

adverb preposition

in space separating things. Among two or more people who share something.

monopoly

/məˈnäpəlē/

noun

Complete market control for a service or product.

marginal

/ˈmärjənl/

adjective noun

relating to margin. water plant growing close to land.

willing

/ˈwiliNG/

adjective verb

ready, eager, or prepared to do something. To make something happen by strongly wanting it.

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