Lec 11: Monopoly I

MIT 14.01 Principles of Microeconomics, Fall 2023 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F23 YouTube Playlist:    • MIT 14.01 Principles of Microeconomics, Fa...   In this lecture, Prof. Gruber introduces the idea of monopoly, which is when there is only one seller of a good or service. Topics covered include monopoly profit maximization and welfare effects. Keywords: microeconomics, monopoly, profit maximization, welfare License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.