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Business Finance, University Of California Los Angeles

watch video and answer question

Question Description

I’m working on a business question and need an explanation and answer to help me learn.

This task has a purpose to illustrate the concept of monopoly and price discrimination. The video shows how monopoly power arises and how it might disappear.

You are to watch a video clip from the Economics of Seinfeld (The Soup Nazi)Links to an external site.

Here is the video Links to an external site.

http://yadayadayadaecon.com/clip/67/Links to an external site.

Then you are to answer the following questions.

What are the conditions that exist in the video for the monopolist to achieve monopoly power?

Have you observed price discrimination in the video clip? Briefly explain.

What might possibly undermine the soup maker’s monopoly power?

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