AP Microeconomics - Monopoly
Source: Council for Economic Education (EconEdLink) | Type: Lesson
This lesson supports the Theory of the Firm section of the Advanced Placement Microeconomics curriculum. Students will learn in this lesson that the profit-maximization rules for the monopoly are the same as they are for a perfectly competitive firm but the monopoly will produce a smaller output than society would like it to produce. This lesson appears as Lesson 5 from Unit 3: The Theory of the Firm in CEE's [EEL-link id='5227' title='Advanced Placement Economics (4th Edition)' ].
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