Description

Overview:

Companies make profits. Is that good or bad? Neither - it doesn't last. Firms that make huge profits attract competitors, which drive prices and profits down. See what this has to do with supermarket checkout lanes, Pixar movies, and Viagra.

Subject:

Economics

Level:

High School, Community College / Lower Division, College / Upper Division

Material Type:

Lecture

Author:

Patrick Walsh

Provider:

Saint Michael's College

Provider Set:

EconGuy Videos

Date Added:

11/29/2013