Unit 3: Are Businesses Efficient? Product Markets and Efficiency

Lesson 10a: Monopoly: Characteristics and Short Run Equilibrium

Assignments: Readings:

MONOPOLY 6.1.1 Defining Monopoly (Market) Power 10:10 [MyNotes] 6.1.2 Defining Marginal Revenue for a Firm with Market Power 12:43 [MyNotes] PROFIT MAXIMIZATION FOR A MONOPOLY 6.1.3 Determining the Monopolist's Profit Maximizing Output and Price 14:18 [MyNotes] 6.1.4 Calculating a Monopolist's Profit and Loss 6:24 [MyNotes] OPTIONAL Introduction to Pure Monopoly (econclassroom) 14:11 Profit Maximization, Revenue Maximization and PED in Pure Monopoly (econclassroom) 17:11

HOME Lesson 10a