Great video for AP Econ students. My only issue is your use of "fair return price" here. It wouldn't make sense to regulate the monopoly where P = ATC on that graph because it would lead to deadweight loss via overallocation of resources. Regulators might resort to a using fair return price when the point of allocative efficiency occurs at a price where the firm is making an economic loss (common for natural monopolies). Instead of needing to offer a subsidy to the firm at allocative efficiency to keep them in business, they'll resort to the fair return price where there firm makes no economic profit but has no incentive to shutdown. The fair return price will decrease DWL, but not completely eliminate the inefficiency.
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Even though exams are over I watched again due to Fun attached to it.. No bull carry on. Actually my juniors are going to prepare from this Channel then a lamebook
You can always try to pause the slides, write down the information, and listen to him over and over again until you get what he's saying. I know it's very difficult! But, he tries to condense a lot into "5 minutes" so he probably "had" to talk fast.
