The importance of fixed costs

Course Outline

Economics of the Media

Course (41 videos)

The importance of fixed costs

Instructor: Tyler Cowen, George Mason University

Fixed costs play a crucial role in the economics of the media: because media often involves high fixed costs, efficiency tends to be maximized with fewer firms. This leads to low product diversity and a tendency toward concentrated market power.

Teacher Resources



Verified Available Languages

Turn captions on or off:

  1. If captions are available the (CC) icon will be visible on the player.
  2. To turn captions on, tap (CC).
  3. To turn captions off, tap (CC) again.

Select caption language: 

  1. Click the settings icon (⚙) at the bottom of the video screen.
  2. Click Subtitles/CC.
  3. Select a language.


Contribute Translations!

Join the team and help us provide world-class economics education to everyone, everywhere for free! You can also reach out to us at for more info.

Submit subtitles




We aim to make our content accessible to users around the world with varying needs and circumstances.

Currently we provide:

Are we missing something? Please let us know at