How does a monopolist decide upon price?

Given a Demand curve and a cubic for fixed and variable costs, this worksheet allows users to play "what if games" and discover that the key to maximum profit for a monopolist is having MR=MC
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ramo —

 
Resource Type
Activity
Tags
average  cost  costs  demand  economics  fixed  marginal  microeconomics  monopolist  revenue  supply Show More…
Target Group (Age)
15 – 18
Language
English (United Kingdom)
 
 

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