Скачать или смотреть Market Power (Microeconomics) - IB Economics HL 2025

Market Power – IB HL/SL Economics 2025

This video explains Market Power and why some firms are able to influence price while others are price takers. You will understand how imperfect competition develops, why firms benefit from barriers to entry, and how market concentration affects efficiency, consumer choice, and welfare outcomes. We also compare perfect competition with monopoly and oligopoly structures, giving you clear IB-focused examples and exam-ready explanations.

Covered in this video:
• What is market power
• Sources of market power
• Barriers to entry
• Monopoly and oligopoly power
• Efficiency implications
• Consumer welfare impacts
• Real IB examples + evaluation points

Useful for: IB HL/SL Economics Paper 1, Paper 2, and mock exam preparation.

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