2.1.4 Marginal Revenue vs Price: Graphical Example

En provenance du cours de Université de Pennsylvanie
Microeconomics: When Markets Fail
208 notes
Université de Pennsylvanie
208 notes
À partir de la leçon
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.

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  • Rebecca Stein
    Rebecca Stein
    Senior Lecturer