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Chapter 14 Monopoly

Chapter 14 Monopoly

Author: Matthew Lonn
Description:

Students will examine the characteristics of a monopoly and show the quantity they will produce on a cost analysis graph.

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Tutorial

Questions you should be able to answer after the lesson.

Can I draw a cost analysis graph for a firm that is a monopoly?

Do I know the characteristics of a monopoly?

Do I understand the basic concepts of a price discriminating monopolist?

Why is the marginal revenue curve less than the demand curve?

At what quantity does the monopolist produce?

Chapter 14 Notes

Understanding imperfect marginal revenue curves

Drawing a Monopoly

Monopoly and Dead Weight Loss