Episode Details

MIT 14.01 Principles of Microeconomics, Fall 2023
Instructor: Prof. Jonathan Gruber
View the complete course: https://ocw.mit.edu/14-01F23
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP60V7HxLYRaJMbFzP77bzEjb

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

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