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### 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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