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Introduction to Pure Monopoly

Introduction to Pure Monopoly

This lesson will introduce some of the characteristics of monopolies and use a demand schedule to derive the demand and marginal revenue curves for a hypothetical monopolistic airplane manufacturer. We will then place cost curves on the graph to determine the profit-maximizing quantity a monopolist should produce at, and we'll briefly examine the level of output and price as it would compare to a perfectly competitive market....

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More about this material

Material Type:
Presentation
Date Added to MERLOT:
May 11, 2021
Date Modified in MERLOT:
May 11, 2021
Author:
Submitter:
Cathy Swift
Asian American, Native American, Pacific Islander Serving Institution Hispanic Serving Institution
Primary Audience:
College General Ed, College Lower Division
Technical Format:
Video, Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
Unknown
Creative Commons:
No

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