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Lecture 14: Monopoly I

Lecture 14: Monopoly I

This video was recorded at 14.01SC Principles of Microeconomics, Fall 2011. In the previous lectures, we began to learn about firms' decisions in a competitive market where there are a large number of firms. However, different markets have different characteristics, and in some markets there may be only one or a few firms. In this lecture, we begin to learn about the operations of a monopoly market, where only one firm is producing a given good.... Show More


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