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040 _aLIBERTAD
_bspa
_cLIBERTAD
_dLIBERTAD
_erda
041 0 _aeng
110 2 _aMarginal Revolution University
_91847
245 1 0 _aMaximizing Profit Under Monopoly /
_cMarginal Revolution University .
300 _cFormato digital
306 _a11:10 minutos
336 _bVideo
337 _aVideo
338 _aYoutube
_bRecurso en línea
506 0 _aAcceso libre
520 3 _aAIDS has killed more than 36 million people worldwide. There are drugs available to treat AIDS, but the price of one pill is incredibly high in the U.S. — coming in at 25 times higher than its cost. Why is that? In this video, we show how patent rights have created a monopoly in the U.S. market for AIDS medication, causing pills to be very expensive. In other countries, however, such as India, which does not recognize patents on AIDS medication, prices remain low. Using this example, we go over how monopolies use market power to increase prices.
533 _aVideo
856 4 0 _uhttps://www.youtube.com/watch?v=IEjcTLPtTIY&ab_channel=MarginalRevolutionUniversity
_yVideo de Youtube
942 _2ddc
_n0
999 _c512
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