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Microeconomics
Course: Microeconomics > Unit 7
Lesson 2: Monopoly- Perfect and imperfect competition
- Types of competition and marginal revenue
- Marginal revenue and marginal cost in imperfect competition
- Imperfect competition
- Monopolies vs. perfect competition
- Economic profit for a monopoly
- Monopolist optimizing price: Total revenue
- Monopolist optimizing price: Marginal revenue
- Monopolist optimizing price: Dead weight loss
- Review of revenue and cost graphs for a monopoly
- Optional calculus proof to show that MR has twice slope of demand
- Monopoly
- Efficiency and monopolies
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Imperfect competition
AP.MICRO: PRD‑1 (EU), PRD‑3 (EU), PRD‑3.B (LO), PRD‑3.B.1 (EK), PRD‑3.B.2 (EK), PRD‑3.B.3 (EK), PRD‑3.B.4 (EK)
