Khan Academy Static

No, we aren't talking about the board game although the game does try to approximate what this tutorial is about--notice that you can charge more rent at either Boardwalk or Park Place if you own both (you have a "monopoly" in the navy blue market). The opposite of perfect competition is when you have only one firm operating. This tutorial explores what this firm would do to maximize economic profit.

12417_Monopolist_optimizing_price_Marginal_revenue.html

12415_Monopoly_basics.html

12419_Optional_calculus_proof_to_show_that_MR_has_twice_slope_of_demand.html

12420_Review_of_revenue_and_cost_graphs_for_a_monopoly.html

12418_Monopolist_optimizing_price_Dead_weight_loss.html

12416_Monopolist_optimizing_price_Total_revenue.html