How to find equilibrium price and quantity for a monopoly
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12 سال پیش
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This video goes over the
This video goes over the method used to find the equilibrium price and quantity for a monopoly. The mathematical process is explained, and future videos will go over examples.
A monopoly is one type of market structure that is covered in most introductory microeconomics courses. The trick to finding the profit maximizing output for a monopoly is to find the point where marginal revenue equals marginal cost. This point will show you the optimal level of output for the monopoly, then you need to figure out what they can charge for the good by checking the demand curve.
More information on this topic is available at http://www.freeeconhelp.com/2012/03/h...
A monopoly is one type of market structure that is covered in most introductory microeconomics courses. The trick to finding the profit maximizing output for a monopoly is to find the point where marginal revenue equals marginal cost. This point will show you the optimal level of output for the monopoly, then you need to figure out what they can charge for the good by checking the demand curve.
More information on this topic is available at http://www.freeeconhelp.com/2012/03/h...
12 سال پیش
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