Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.
To most economists, whether prices seem "high" or "low" is not important. But if a price prevents a buyer and a seller from making a profitable exchange--an exchange that would have left both of them ...
Log-in to bookmark & organize content - it's free! A panel discussion was held on the work of philosopher and economist F.A. Hayek. Here Professor Richard Epstein discusses Hayek's view of government ...
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