2.1.4 Marginal Revenue vs Price: Graphical Example

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Do curso por University of Pennsylvania
Microeconomics: When Markets Fail
251 classificações
University of Pennsylvania
251 classificações
Na lição
Monopoly
A monopoly is a case where there is only one firm in the market. We will define and model this case and explain why market power is good for the firm, bad for consumers. We will also show that society as a whole suffers from the lack of competition.

Conheça os instrutores

  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer
    Economics

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