Monopoly
Completion requirements
Watch this video on how a monopoly chooses the amount of output that
maximizes profit and how to identify the profit obtained when such an
amount is produced. The analysis extends to the long run. Make sure you
understand the shape of all the curves we use to graph a monopoly and
the relations between those curves.
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=7UWgKZsKZOc
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Last modified: Friday, 2 August 2024, 11:29 AM