Monopoly Power

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The Power of Markets III: Input Markets and Promoting Efficiency (Coursera)

Feb 19th 2024
The Power of Markets III: Input Markets and Promoting Efficiency (Coursera)
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The final module of the Power of Markets course begins by further exploring firm behavior in imperfectly competitive market settings: how firms with monopoly power can increase profits through price discrimination; and the price-output combinations we can expect firms to select in cases of monopolistic competition and oligopoly. We [...]

The Power of Markets II: Market Structure and Firm Behaviour (Coursera)

Feb 19th 2024
The Power of Markets II: Market Structure and Firm Behaviour (Coursera)
Course Auditing
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Effort
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In order to maximize profits, firms must ensure that any given output level is produced at least cost and then select the price-output combination that results in total revenue exceeding total cost by the greatest amount possible. With this in mind, this second module of the Power of Markets [...]